Manhattan Bridge Capital (NASDAQ:LOAN) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOANFree Report) in a report issued on Tuesday morning. The firm issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Trading Up 0.7 %

Shares of LOAN opened at $5.61 on Tuesday. The firm has a market cap of $64.18 million, a P/E ratio of 11.45 and a beta of 0.55. Manhattan Bridge Capital has a 12-month low of $4.60 and a 12-month high of $5.90. The company’s 50-day moving average price is $5.59 and its 200 day moving average price is $5.43.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be issued a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $0.46 annualized dividend and a yield of 8.20%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is currently 93.88%.

Hedge Funds Weigh In On Manhattan Bridge Capital

Several institutional investors have recently bought and sold shares of LOAN. Advisory Services Network LLC acquired a new position in Manhattan Bridge Capital in the 4th quarter valued at about $97,000. OLIO Financial Planning acquired a new position in shares of Manhattan Bridge Capital during the fourth quarter worth about $117,000. NewEdge Advisors LLC grew its position in shares of Manhattan Bridge Capital by 28.4% during the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock worth $157,000 after buying an additional 6,215 shares in the last quarter. Atria Wealth Solutions Inc. lifted its stake in Manhattan Bridge Capital by 13.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 3,324 shares during the last quarter. Finally, LPL Financial LLC purchased a new stake in Manhattan Bridge Capital during the fourth quarter worth approximately $169,000. 21.84% of the stock is owned by institutional investors and hedge funds.

Manhattan Bridge Capital Company Profile

(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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