Manhattan Bridge Capital, Inc Plans Quarterly Dividend of $0.10 (NASDAQ:LOAN)

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 dividend on an annualized basis and a yield of 7.39%. The ex-dividend date of this dividend is Friday, October 6th.

Manhattan Bridge Capital (LOAN) traded up 1.83% during trading on Friday, reaching $5.55. The company had a trading volume of 3,803 shares. The firm has a market capitalization of $44.96 million, a price-to-earnings ratio of 14.57 and a beta of 0.79. Manhattan Bridge Capital has a 52 week low of $4.65 and a 52 week high of $7.65. The company’s 50-day moving average is $5.57 and its 200 day moving average is $5.71.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its earnings results on Thursday, July 27th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.10. Manhattan Bridge Capital had a net margin of 59.95% and a return on equity of 13.39%. The firm had revenue of $1.40 million for the quarter. Equities analysts anticipate that Manhattan Bridge Capital will post $0.42 EPS for the current year.

Separately, Compass Point initiated coverage on shares of Manhattan Bridge Capital in a research note on Monday, May 1st. They issued a “buy” rating and a $7.25 price target on the stock.

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A hedge fund recently raised its stake in Manhattan Bridge Capital stock. Vanguard Group Inc. raised its stake in Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 246,326 shares of the credit services provider’s stock after buying an additional 9,710 shares during the period. Vanguard Group Inc. owned about 3.04% of Manhattan Bridge Capital worth $1,466,000 as of its most recent SEC filing. Institutional investors and hedge funds own 9.60% of the company’s stock.

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.

Dividend History for Manhattan Bridge Capital (NASDAQ:LOAN)

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