Manhattan Bridge Capital (LOAN) Issues Quarterly Earnings Results, Hits Expectations

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Manhattan Bridge Capital (NASDAQ:LOAN) released its earnings results on Monday. The credit services provider reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12, MarketWatch Earnings reports. Manhattan Bridge Capital had a return on equity of 15.03% and a net margin of 58.18%.

Shares of NASDAQ:LOAN opened at $6.21 on Tuesday. The company has a market capitalization of $60.83 million, a price-to-earnings ratio of 13.13 and a beta of 0.47. Manhattan Bridge Capital has a 52-week low of $5.34 and a 52-week high of $8.00.

The company also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Wednesday, April 10th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $0.48 annualized dividend and a yield of 7.73%.

In other Manhattan Bridge Capital news, Director Lyron L. Bentovim sold 5,100 shares of the stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $6.54, for a total value of $33,354.00. Following the transaction, the director now owns 38,887 shares in the company, valued at $254,320.98. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 32.40% of the stock is currently owned by corporate insiders.

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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. 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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Earnings History for Manhattan Bridge Capital (NASDAQ:LOAN)

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