Manhattan Bridge Capital, Inc (LOAN) to Issue Quarterly Dividend of $0.10 on October 16th
Manhattan Bridge Capital, Inc (NASDAQ:LOAN) announced a quarterly dividend on Thursday, August 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, October 10th will be given a dividend of 0.1025 per share by the credit services provider on Monday, October 16th. This represents a $0.41 annualized dividend and a yield of 6.72%. The ex-dividend date is Friday, October 6th.
Manhattan Bridge Capital (LOAN) opened at 6.10 on Thursday. The company has a market capitalization of $49.42 million, a P/E ratio of 16.01 and a beta of 0.80. The stock’s 50 day moving average is $5.78 and its 200 day moving average is $5.56. Manhattan Bridge Capital has a 52 week low of $4.65 and a 52 week high of $7.65.
Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings results on Thursday, July 27th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.10. The firm had revenue of $1.40 million during the quarter. Manhattan Bridge Capital had a net margin of 59.95% and a return on equity of 13.39%. On average, equities research analysts expect that Manhattan Bridge Capital will post $0.42 earnings per share for the current year.
A hedge fund recently raised its stake in Manhattan Bridge Capital stock. Vanguard Group Inc. boosted its stake in shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,326 shares of the credit services provider’s stock after buying an additional 9,710 shares during the quarter. Vanguard Group Inc. owned approximately 3.04% of Manhattan Bridge Capital worth $1,466,000 as of its most recent SEC filing. 11.40% of the stock is currently owned by institutional investors and hedge funds.
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About Manhattan Bridge Capital
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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