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

Shares of Manhattan Bridge Capital stock opened at $6.29 on Friday. The company has a market cap of $60.76 million, a price-to-earnings ratio of 13.38 and a beta of 0.35. The firm’s 50-day moving average price is $6.27. Manhattan Bridge Capital has a 12 month low of $5.34 and a 12 month high of $7.00.

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

In other news, insider Assaf Ran acquired 5,000 shares of Manhattan Bridge Capital stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of $6.00 per share, for a total transaction of $30,000.00. Following the transaction, the insider now owns 2,536,000 shares of the company’s stock, valued at $15,216,000. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 27.20% of the stock is currently owned by corporate insiders.

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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