Manhattan Bridge Capital Inc. (NASDAQ:LOAN) declared a quarterly dividend on Thursday, May 7th, Zacks reports. Shareholders of record on Friday, July 10th will be given a dividend of 0.10 per share by the credit services provider on Wednesday, July 15th. This represents a $0.40 annualized dividend and a yield of 8.18%. The ex-dividend date is Thursday, July 9th.
Manhattan Bridge Capital has a payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
LOAN opened at $4.89 on Tuesday. The firm has a market cap of $45.26 million, a price-to-earnings ratio of 10.63 and a beta of 0.66. Manhattan Bridge Capital has a 52 week low of $2.54 and a 52 week high of $6.72. The business’s 50 day moving average is $4.37 and its two-hundred day moving average is $5.01.
Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings results on Monday, April 13th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.11. The business had revenue of $1.71 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.40% and a net margin of 60.44%.
A number of research analysts have recently issued reports on LOAN shares. ValuEngine raised Manhattan Bridge Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 2nd. Maxim Group reissued a “buy” rating and issued a $6.00 target price on shares of Manhattan Bridge Capital in a report on Tuesday, April 21st.
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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