Manhattan Bridge Capital (LOAN) Receiving Somewhat Favorable Media Coverage, Report Shows
Headlines about Manhattan Bridge Capital (NASDAQ:LOAN) have trended somewhat positive recently, according to Accern Sentiment. The research group scores the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Manhattan Bridge Capital earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the credit services provider an impact score of 46.6096432960063 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Manhattan Bridge Capital (LOAN) traded up 2.70% during mid-day trading on Monday, hitting $5.70. The stock had a trading volume of 18,251 shares. The company has a 50-day moving average of $5.57 and a 200-day moving average of $5.71. The firm has a market cap of $46.18 million, a PE ratio of 14.96 and a beta of 0.79. Manhattan Bridge Capital has a 12-month low of $4.65 and a 12-month high of $7.65.
Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Thursday, July 27th. The credit services provider reported $0.10 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.10. The business had revenue of $1.40 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.39% and a net margin of 59.95%. Analysts expect that Manhattan Bridge Capital will post $0.42 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Tuesday, October 10th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $0.41 dividend on an annualized basis and a yield of 7.19%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is 107.90%.
Separately, Compass Point began coverage on Manhattan Bridge Capital in a report on Monday, May 1st. They issued a “buy” rating and a $7.25 target price for the company.
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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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