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

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

Manhattan Bridge Capital Stock Performance

LOAN opened at $5.58 on Thursday. Manhattan Bridge Capital has a 52-week low of $4.69 and a 52-week high of $5.90. The firm has a market capitalization of $63.83 million, a PE ratio of 11.39 and a beta of 0.48. The business’s 50-day simple moving average is $5.60 and its 200 day simple moving average is $5.47.

Manhattan Bridge Capital Dividend Announcement

The business also recently announced 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. The ex-dividend date is Tuesday, April 8th. This represents a $0.46 annualized dividend and a yield of 8.24%. Manhattan Bridge Capital’s payout ratio is presently 93.88%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Manhattan Bridge Capital in a report on Friday, March 7th. They issued 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.