Key Points
- CEO Assaf Ran bought 4,000 shares on November 17 at $4.65 each (total $18,600), increasing his direct ownership to 1,227,000 shares (a 0.33% rise, valued at about $5.71 million).
- The company declared a quarterly dividend of $0.115 (annualized $0.46) with an ex‑dividend/record date of December 31 and pay date January 15, implying a 10.4% yield and a 100% payout ratio.
- Shares of LOAN trade near the low end of their 52‑week range ($4.40–$6.05), the stock has a market cap of about $50.7 million and a P/E of 9.63, and analysts’ consensus rating is Hold.
Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report) CEO Assaf Ran purchased 4,000 shares of the business's stock in a transaction dated Monday, November 17th. The stock was bought at an average cost of $4.65 per share, with a total value of $18,600.00. Following the completion of the acquisition, the chief executive officer directly owned 1,227,000 shares of the company's stock, valued at approximately $5,705,550. This trade represents a 0.33% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.
Manhattan Bridge Capital Stock Performance
Shares of LOAN opened at $4.43 on Wednesday. Manhattan Bridge Capital, Inc has a 52-week low of $4.40 and a 52-week high of $6.05. The stock's 50-day simple moving average is $5.20 and its 200 day simple moving average is $5.28. The stock has a market capitalization of $50.67 million, a price-to-earnings ratio of 9.63 and a beta of 0.36.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) 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 company had revenue of $2.04 million for the quarter.
Manhattan Bridge Capital Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a $0.115 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $0.46 annualized dividend and a yield of 10.4%. Manhattan Bridge Capital's dividend payout ratio is currently 100.00%.
Institutional Investors Weigh In On Manhattan Bridge Capital
A number of hedge funds have recently made changes to their positions in LOAN. Osaic Holdings Inc. grew its holdings in Manhattan Bridge Capital by 140.7% during the 2nd quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider's stock valued at $31,000 after buying an additional 3,292 shares in the last quarter. RW Investment Management LLC bought a new stake in Manhattan Bridge Capital in the third quarter worth $71,000. Frazier Financial Advisors LLC purchased a new stake in Manhattan Bridge Capital during the second quarter valued at $112,000. Kingsview Wealth Management LLC bought a new position in Manhattan Bridge Capital during the first quarter valued at $121,000. Finally, International Assets Investment Management LLC purchased a new position in shares of Manhattan Bridge Capital in the 2nd quarter worth $149,000. 21.84% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Manhattan Bridge Capital in a report on Thursday, November 13th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Manhattan Bridge Capital has a consensus rating of "Hold".
Get Our Latest Stock Report on LOAN
About Manhattan Bridge Capital
(
Get Free Report)
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.
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