Manhattan Bridge Capital Inc. (NASDAQ:LOAN) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totalling 4,200 shares, a growth of 425.0% from the February 27th total of 800 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 65,400 shares, the short-interest ratio is currently 0.1 days.

LOAN has been the subject of a number of analyst reports. Aegis reissued a “hold” rating on shares of Manhattan Bridge Capital in a research note on Monday, January 13th. ValuEngine lowered shares of Manhattan Bridge Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, March 4th.

In other news, CEO Assaf Ran bought 8,000 shares of Manhattan Bridge Capital stock in a transaction on Friday, March 20th. The stock was purchased at an average cost of $3.23 per share, with a total value of $25,840.00. Insiders have acquired a total of 17,500 shares of company stock valued at $58,565 over the last three months. 27.20% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. Csenge Advisory Group bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth about $29,000. Centric Wealth Management bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth about $42,000. Ladenburg Thalmann Financial Services Inc. raised its position in shares of Manhattan Bridge Capital by 50.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,443 shares of the credit services provider’s stock worth $73,000 after buying an additional 3,853 shares in the last quarter. Capital Planning Advisors LLC raised its position in shares of Manhattan Bridge Capital by 4.7% during the 4th quarter. Capital Planning Advisors LLC now owns 75,382 shares of the credit services provider’s stock worth $75,000 after buying an additional 3,380 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC raised its position in shares of Manhattan Bridge Capital by 5.4% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 32,233 shares of the credit services provider’s stock worth $205,000 after buying an additional 1,643 shares in the last quarter. Institutional investors own 13.69% of the company’s stock.

Manhattan Bridge Capital stock opened at $3.78 on Friday. Manhattan Bridge Capital has a 52-week low of $2.54 and a 52-week high of $6.73. The firm has a market capitalization of $36.62 million, a price-to-earnings ratio of 8.04 and a beta of 0.45. The firm has a 50-day moving average price of $5.34 and a two-hundred day moving average price of $6.06.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its quarterly earnings results on Tuesday, March 17th. The credit services provider reported $0.12 EPS for the quarter, hitting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a net margin of 61.24% and a return on equity of 13.68%. The company had revenue of $1.86 million for the quarter. Research analysts anticipate that Manhattan Bridge Capital will post 0.49 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, April 10th will be given a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 11.64%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is 102.13%.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.

Featured Article: What is the role of the G-20?



Receive News & Ratings for Manhattan Bridge Capital Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Manhattan Bridge Capital and related companies with MarketBeat.com’s FREE daily email newsletter.



Source link