Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has been given an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy rating.

Brokers have set a 1-year consensus target price of $7.25 for the company, according to Zacks. Zacks has also assigned Manhattan Bridge Capital an industry rank of 188 out of 265 based on the ratings given to related companies.

Shares of Manhattan Bridge Capital (NASDAQ:LOAN) traded down $0.02 during midday trading on Friday, reaching $5.83. 6,600 shares of the company’s stock traded hands, compared to its average volume of 30,144. The company has a market capitalization of $47.44, a P/E ratio of 14.63 and a beta of 0.76. Manhattan Bridge Capital has a twelve month low of $4.65 and a twelve month high of $7.65.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings data on Thursday, October 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.11 by $0.01. The business had revenue of $1.59 million during the quarter. Manhattan Bridge Capital had a net margin of 59.63% and a return on equity of 14.43%.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.44 annualized dividend and a yield of 7.55%. This is an increase from Manhattan Bridge Capital’s previous quarterly dividend of $0.10. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 102.50%.

A number of hedge funds and other institutional investors have recently made changes to their positions in LOAN. Moneta Group Investment Advisors LLC lifted its stake in Manhattan Bridge Capital by 159.5% in the third quarter. Moneta Group Investment Advisors LLC now owns 181,302 shares of the credit services provider’s stock worth $181,000 after purchasing an additional 111,434 shares during the last quarter. Hilton Capital Management LLC bought a new stake in Manhattan Bridge Capital in the second quarter worth about $271,000. Renaissance Technologies LLC lifted its stake in Manhattan Bridge Capital by 16.4% in the first quarter. Renaissance Technologies LLC now owns 150,700 shares of the credit services provider’s stock worth $889,000 after purchasing an additional 21,200 shares during the last quarter. Vanguard Group Inc. lifted its stake in Manhattan Bridge Capital by 4.1% in the second quarter. Vanguard Group Inc. now owns 246,326 shares of the credit services provider’s stock worth $1,466,000 after purchasing an additional 9,710 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in Manhattan Bridge Capital by 0.7% in the second quarter. Bard Associates Inc. now owns 278,475 shares of the credit services provider’s stock worth $1,657,000 after purchasing an additional 2,000 shares during the last quarter. 11.97% of the stock is owned by institutional investors and hedge funds.

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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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