Manhattan Bridge Capital (NASDAQ:LOAN) Releases Earnings Results, Misses Estimates By $0.01 EPS

Manhattan Bridge Capital (NASDAQ:LOAN) announced its quarterly earnings results on Wednesday. The credit services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01), Zacks reports. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Manhattan Bridge Capital Stock Performance

LOAN traded up $0.05 on Wednesday, hitting $5.57. 689 shares of the company were exchanged, compared to its average volume of 11,736. The business’s fifty day moving average is $5.60 and its 200 day moving average is $5.47. Manhattan Bridge Capital has a fifty-two week low of $4.69 and a fifty-two week high of $5.90. The firm has a market capitalization of $63.66 million, a P/E ratio of 11.36 and a beta of 0.48.

Manhattan Bridge Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 8.27%. The ex-dividend date of this dividend is Tuesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio is presently 93.88%.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Manhattan Bridge Capital in a report on Friday, March 7th. They set a “strong-buy” rating on the stock.

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. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.