Manhattan Bridge Capital (LOAN) Expected to Announce Earnings on Friday

Manhattan Bridge Capital (NASDAQ:LOAN) will likely be posting its results before the market opens on Friday, March 6th. Analysts expect Manhattan Bridge Capital to post earnings of $0.10 per share for the quarter.

Manhattan Bridge Capital Price Performance

Shares of Manhattan Bridge Capital stock opened at $4.38 on Friday. Manhattan Bridge Capital has a fifty-two week low of $4.29 and a fifty-two week high of $6.05. The firm has a market capitalization of $50.11 million, a P/E ratio of 9.52 and a beta of 0.25. The company’s 50 day moving average price is $4.57 and its two-hundred day moving average price is $4.93.

Manhattan Bridge Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be issued a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $0.44 annualized dividend and a dividend yield of 10.0%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is 100.00%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Bridge Capital in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold”.

Institutional Trading of Manhattan Bridge Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Osaic Holdings Inc. raised its position in Manhattan Bridge Capital by 140.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock worth $31,000 after purchasing an additional 3,292 shares during the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Manhattan Bridge Capital by 28.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 19,516 shares of the credit services provider’s stock valued at $91,000 after buying an additional 4,300 shares during the period. Rothschild Wealth LLC bought a new position in shares of Manhattan Bridge Capital during the fourth quarter worth about $118,000. Kestra Advisory Services LLC raised its position in shares of Manhattan Bridge Capital by 94.2% during the fourth quarter. Kestra Advisory Services LLC now owns 25,877 shares of the credit services provider’s stock worth $120,000 after acquiring an additional 12,553 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its stake in shares of Manhattan Bridge Capital by 72.3% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 31,310 shares of the credit services provider’s stock worth $146,000 after acquiring an additional 13,139 shares during the period. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.