Manhattan Bridge Capital (NASDAQ:LOAN) Reports Earnings Results, Misses Estimates of $0.01 per EPS

Manhattan Bridge Capital (NASDAQ:LOAN – Get Rating) released its financial results on Friday. The credit service provider reported EPS of $0.09 for the quarter, missing analyst consensus estimates of $0.10 per ($0.01), MarketWatch Earnings reports. Manhattan Bridge Capital had a return on equity of 11.93% and a net margin of 64.99%.

NASDAQ:LOAN shares opened at $5.82 on Monday. The company has a 50-day simple moving average of $5.66 and a 200-day simple moving average of $6.03. Manhattan Bridge Capital has a one-year low of $5.30 and a one-year high of $8.05. The stock has a market capitalization of $66.90 million, a price-earnings ratio of 13.53 and a beta of 0.57.

The company also recently announced a quarterly dividend, which will be paid on Friday, April 15. Shareholders of record on Friday, April 8 will receive a dividend of $0.125. The ex-dividend date is Thursday, April 7. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 8.59%. Manhattan Bridge Capital’s payout ratio is 116.28%.

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

Several large investors have recently changed their positions in LOAN. Royal Bank of Canada increased its holdings of Manhattan Bridge Capital shares by 500.0% in the third quarter. Royal Bank of Canada now owns 6,000 shares of the credit service provider valued at $41,000 after buying another 5,000 shares in the last quarter. Susquehanna International Group LLP purchased a new equity stake from Manhattan Bridge Capital in the fourth quarter, valued at approximately $75,000. Citadel Advisors LLC bought a new stake in shares of Manhattan Bridge Capital in the third quarter worth approximately $78,000. Geode Capital Management LLC purchased a new stake in shares of Manhattan Bridge Capital in the third quarter worth approximately $115,000. Finally, Renaissance Technologies LLC increased its equity stake in Manhattan Bridge Capital by 51.0% in the fourth quarter. Renaissance Technologies LLC now owns 169,873 shares of the credit service provider valued at $934,000 after purchasing an additional 57,345 shares in the last quarter. 23.27% of the shares are held by institutional investors and hedge funds.

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About the Capital of the Manhattan Bridge (Get a rating)

Manhattan Bridge Capital, Inc. engages in the origination, servicing and management of a portfolio of prime mortgage loans. It provides short-term, secured, non-bank loans to real estate investors to finance their acquisition and construction of properties located in the New York metropolitan area. The company was founded by Assaf N.

Further reading

Earnings history for Manhattan Bridge Capital (NASDAQ: READY)

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