Manhattan Bridge Capital (NASDAQ:LOAN) released its earnings results on Friday. The credit services provider reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01), MarketWatch Earnings reports. The firm had revenue of $1.78 million during the quarter. Manhattan Bridge Capital had a net margin of 59.11% and a return on equity of 14.25%.

LOAN opened at $6.29 on Friday. The stock has a market cap of $60.76 million, a PE ratio of 13.38 and a beta of 0.35. The company has a 50 day moving average price of $6.27. Manhattan Bridge Capital has a 52 week low of $5.34 and a 52 week high of $7.00.

The company also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Wednesday, July 10th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 7.63%. The ex-dividend date of this dividend was Tuesday, July 9th.

In other news, insider Assaf Ran bought 5,000 shares of the stock in a transaction dated Monday, June 3rd. The stock was bought at an average price of $6.00 per share, for a total transaction of $30,000.00. Following the purchase, the insider now directly owns 2,536,000 shares in the company, valued at approximately $15,216,000. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 27.20% of the company’s stock.

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.

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Earnings History for Manhattan Bridge Capital (NASDAQ:LOAN)



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