Manhattan Bridge Capital Inc. (LOAN) Receives Average Recommendation of “” from Brokerages

Shares of Manhattan Bridge Capital Inc. (NASDAQ:LOAN) have earned a consensus broker rating score of 0.00 () from the zero analysts that provide coverage for the stock, Zacks Investment Research reports.

Zacks has also given Manhattan Bridge Capital an industry rank of 166 out of 265 based on the ratings given to its competitors.

Shares of Manhattan Bridge Capital (NASDAQ:LOAN) traded down 6.42% on Friday, hitting $5.10. 92,008 shares of the company traded hands. The firm has a market capitalization of $41.49 million, a P/E ratio of 13.78 and a beta of 0.72. The firm’s 50-day moving average is $5.82 and its 200 day moving average is $6.53. Manhattan Bridge Capital has a 1-year low of $4.19 and a 1-year high of $7.65.

The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Shareholders of record on Monday, April 10th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, April 6th. This represents a $0.40 dividend on an annualized basis and a yield of 7.34%. Manhattan Bridge Capital’s dividend payout ratio is presently 105.27%.

An institutional investor recently raised its position in Manhattan Bridge Capital stock. Bard Associates Inc. increased its stake in shares of Manhattan Bridge Capital Inc. (NASDAQ:LOAN) by 5.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,625 shares of the credit services provider’s stock after buying an additional 14,000 shares during the period. Bard Associates Inc. owned approximately 3.38% of Manhattan Bridge Capital worth $2,087,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 7.49% of the company’s stock.

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Manhattan Bridge Capital Company Profile

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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