Manhattan Bridge Capital (NASDAQ:LOAN) Receiving Somewhat Positive Media Coverage, Study Shows
Media coverage about Manhattan Bridge Capital (NASDAQ:LOAN) has been trending somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Manhattan Bridge Capital earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media stories about the credit services provider an impact score of 46.8142270254154 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Manhattan Bridge Capital (LOAN) traded up 1.75% during mid-day trading on Friday, hitting $5.80. 11,451 shares of the stock were exchanged. Manhattan Bridge Capital has a 12-month low of $4.65 and a 12-month high of $7.65. The company has a 50 day moving average of $5.62 and a 200 day moving average of $5.68. The firm has a market cap of $46.99 million, a P/E ratio of 15.22 and a beta of 0.79.
Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings data on Thursday, July 27th. The credit services provider reported $0.10 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.10. The business had revenue of $1.40 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.39% and a net margin of 59.95%. On average, equities analysts anticipate that Manhattan Bridge Capital will post $0.42 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.1025 per share. This represents a $0.41 dividend on an annualized basis and a dividend yield of 7.07%. The ex-dividend date is Friday, October 6th. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 107.90%.
Separately, Compass Point initiated coverage on shares of Manhattan Bridge Capital in a research report on Monday, May 1st. They set a “buy” rating and a $7.25 target price on the stock.
About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
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