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 Stock Down 1.6%

NASDAQ LOAN opened at $4.38 on Friday. The firm has a 50-day moving average price of $4.57 and a two-hundred day moving average price of $4.93. Manhattan Bridge Capital has a 12-month low of $4.29 and a 12-month high of $6.05. The company has a market capitalization of $50.11 million, a P/E ratio of 9.52 and a beta of 0.25.

Manhattan Bridge Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 10.0%. The ex-dividend date is Wednesday, April 8th. Manhattan Bridge Capital’s payout ratio is 100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Manhattan Bridge Capital by 2.5% during the third quarter. Vanguard Group Inc. now owns 383,385 shares of the credit services provider’s stock worth $2,116,000 after purchasing an additional 9,330 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Manhattan Bridge Capital by 28.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock worth $1,996,000 after buying an additional 81,220 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Manhattan Bridge Capital by 4.5% during the 4th quarter. Renaissance Technologies LLC now owns 181,728 shares of the credit services provider’s stock worth $845,000 after buying an additional 7,900 shares during the last quarter. Geode Capital Management LLC boosted its stake in Manhattan Bridge Capital by 2.8% in the fourth quarter. Geode Capital Management LLC now owns 112,087 shares of the credit services provider’s stock valued at $521,000 after buying an additional 3,046 shares in the last quarter. Finally, Gen Wealth Partners Inc acquired a new position in Manhattan Bridge Capital during the fourth quarter worth about $161,000. 21.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

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.