Short Interest in Manhattan Bridge Capital, Inc (NASDAQ:LOAN) Increases By 112.1%

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 10,248 shares, a growth of 112.1% from the November 30th total of 4,831 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 19,995 shares, the short-interest ratio is presently 0.5 days. Based on an average daily trading volume, of 19,995 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are short sold.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Bridge Capital in a research report on Monday, December 22nd. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Manhattan Bridge Capital currently has an average rating of “Hold”.

Manhattan Bridge Capital Stock Down 0.6%

Shares of LOAN traded down $0.03 during midday trading on Friday, reaching $4.88. The company had a trading volume of 15,716 shares, compared to its average volume of 25,382. Manhattan Bridge Capital has a 1-year low of $4.29 and a 1-year high of $6.05. The stock has a market cap of $55.82 million, a PE ratio of 10.61 and a beta of 0.27. The firm has a 50 day simple moving average of $4.84 and a 200-day simple moving average of $5.21.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings results on Friday, October 24th. The credit services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 58.67% and a return on equity of 12.22%. The firm had revenue of $2.04 million for the quarter.

Manhattan Bridge Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.115 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.46 annualized dividend and a dividend yield of 9.4%. Manhattan Bridge Capital’s dividend payout ratio is 100.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. grew its position in Manhattan Bridge Capital by 140.7% in the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 3,292 shares during the period. Fortress Financial Solutions LLC grew its holdings in shares of Manhattan Bridge Capital by 3.9% during the 2nd quarter. Fortress Financial Solutions LLC now owns 120,282 shares of the credit services provider’s stock worth $658,000 after purchasing an additional 4,522 shares during the period. Frazier Financial Advisors LLC increased its position in shares of Manhattan Bridge Capital by 42.1% during the 3rd quarter. Frazier Financial Advisors LLC now owns 29,126 shares of the credit services provider’s stock worth $160,000 after purchasing an additional 8,626 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Manhattan Bridge Capital by 2.5% during the 3rd 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. Finally, RW Investment Management LLC purchased a new stake in Manhattan Bridge Capital in the 3rd quarter valued at about $71,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

About Manhattan Bridge Capital

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.