Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Director Acquires $10,720.00 in Stock


Manhattan Bridge Capital, Inc. (NASDAQ: READYGet a rating) Director Michael Jackson bought 2,000 shares of Manhattan Bridge Capital in a transaction on Friday, May 20. The shares were acquired at an average price of $5.36 per share, for a total transaction of $10,720.00. Following the transaction, the director now directly owns 37,000 shares of the company, valued at $198,320. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website.

LOAN shares opened at $5.35 on Monday. The company has a market capitalization of $61.50 million, a PE ratio of 12.44 and a beta of 0.59. Manhattan Bridge Capital, Inc. has a 12-month low of $5.25 and a 12-month high of $8.05. The company’s fifty-day moving average price is $5.86 and its 200-day moving average price is $5.80.

Manhattan Bridge Capital (NASDAQ: READYGet a rating) last released its quarterly earnings data on Friday, March 11. The credit service provider reported earnings per share (EPS) of $0.09 for the quarter, missing the consensus estimate of $0.10 per ($0.01). Manhattan Bridge Capital had a net margin of 65.94% and a return on equity of 11.50%.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Friday, July 8 will receive a dividend of $0.125. The ex-date of this dividend is Thursday, July 7. This represents an annualized dividend of $0.50 and a dividend yield of 9.35%. Manhattan Bridge Capital’s dividend payout ratio is currently 116.28%.

Hedge funds have recently been buying and selling stocks. Intelligence Driven Advisers LLC increased its stake in Manhattan Bridge Capital by 352.6% during the 4th quarter. Intelligence Driven Advisers LLC now owns 1,156,366 shares of the credit service provider worth $1,156,000 after purchasing an additional 900,861 shares during the period. Bellwether Advisors LLC purchased a new stake in Manhattan Bridge Capital during Q1 valued at approximately $108,000. Renaissance Technologies LLC increased its stake in Manhattan Bridge Capital by 51.0% during the 4th quarter. Renaissance Technologies LLC now owns 169,873 shares of the credit service provider worth $934,000 after purchasing an additional 57,345 shares during the period. Integrated Advisors Network LLC purchased a new stake in Manhattan Bridge Capital during Q1 valued at approximately $56,000. Finally, Shufro Rose & Co. LLC increased its stake in Manhattan Bridge Capital by 28.3% during the 1st quarter. Shufro Rose & Co. LLC now owns 187,810 shares of the credit service provider worth $1,193,000 after purchasing an additional 41,466 shares during the period. Hedge funds and other institutional investors own 26.27% of the company’s shares.

Separately, TheStreet upgraded Manhattan Bridge Capital from a “c+” rating to a “b-” rating in a Wednesday, February 2, research report.

Manhattan Bridge Capital Company Profile (Get a rating)

Manhattan Bridge Capital, Inc, a real estate finance company, originates, maintains and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, non-bank loans to real estate investors to finance their acquisition, renovation, rehabilitation or improvement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.

See also



Get news and reviews for Manhattan Bridge Capital Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Manhattan Bridge Capital and related companies with MarketBeat.com’s free daily email newsletter.

Comments are closed.