Manhattan Bridge Capital Inc. (NASDAQ:LOAN) shares passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.24 and traded as low as $6.03. Manhattan Bridge Capital shares last traded at $6.04, with a volume of 8,509 shares changing hands.

Separately, Maxim Group set a $8.00 price objective on shares of Manhattan Bridge Capital and gave the company a “buy” rating in a report on Wednesday, August 7th.

The firm has a market capitalization of $58.33 million, a PE ratio of 12.85 and a beta of 0.26. The company’s fifty day simple moving average is $6.26 and its 200-day simple moving average is $6.24.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings data on Friday, July 26th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). The company had revenue of $1.78 million for the quarter. Manhattan Bridge Capital had a net margin of 60.04% and a return on equity of 13.60%.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 7.97%. The ex-dividend date is Wednesday, October 9th.

In related news, insider Assaf Ran acquired 5,000 shares of the firm’s stock in a transaction on Monday, June 3rd. The shares were acquired at an average cost of $6.00 per share, with a total value of $30,000.00. Following the completion of the acquisition, the insider now directly owns 2,536,000 shares in the company, valued at approximately $15,216,000. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 27.20% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Manhattan Bridge Capital by 23.0% in the second quarter. BlackRock Inc. now owns 19,779 shares of the credit services provider’s stock worth $127,000 after buying an additional 3,704 shares in the last quarter. National Asset Management Inc. lifted its stake in shares of Manhattan Bridge Capital by 20.1% in the second quarter. National Asset Management Inc. now owns 35,849 shares of the credit services provider’s stock worth $230,000 after buying an additional 6,000 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the second quarter worth about $37,000. Creative Planning purchased a new position in shares of Manhattan Bridge Capital in the first quarter worth about $49,000. Finally, Capital Planning Advisors LLC lifted its stake in shares of Manhattan Bridge Capital by 35.9% in the second quarter. Capital Planning Advisors LLC now owns 73,403 shares of the credit services provider’s stock worth $73,000 after buying an additional 19,374 shares in the last quarter. 14.11% of the stock is currently owned by hedge funds and other institutional investors.

About Manhattan Bridge Capital (NASDAQ:LOAN)

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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