Manhattan Bridge Capital (NASDAQ:LOAN) Announces Quarterly Earnings Results

Manhattan Bridge Capital (NASDAQ:LOAN) issued its quarterly earnings results on Tuesday. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12, Fidelity Earnings reports. Manhattan Bridge Capital had a return on equity of 13.68% and a net margin of 61.24%. The business had revenue of $1.86 million for the quarter.

Shares of NASDAQ LOAN opened at $3.62 on Friday. The stock has a market capitalization of $32.71 million, a price-to-earnings ratio of 7.22 and a beta of 0.45. The firm’s 50 day simple moving average is $5.76 and its 200-day simple moving average is $6.16. Manhattan Bridge Capital has a 12 month low of $3.01 and a 12 month high of $6.73.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Friday, April 10th will be given a $0.11 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $0.44 annualized dividend and a yield of 12.15%. Manhattan Bridge Capital’s dividend payout ratio is presently 102.13%.

Several equities analysts have recently issued reports on LOAN shares. Aegis restated a “hold” rating on shares of Manhattan Bridge Capital in a report on Monday, January 13th. ValuEngine downgraded Manhattan Bridge Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, March 4th.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.

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Earnings History for Manhattan Bridge Capital (NASDAQ:LOAN)

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