StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Free 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
Manhattan Bridge Capital Company Profile
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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