Manhattan Bridge Capital Inc. (NASDAQ:LOAN) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $6.22 and traded as low as $6.30. Manhattan Bridge Capital shares last traded at $6.30, with a volume of 94 shares changing hands.

Separately, Maxim Group set a $8.00 target price on shares of Manhattan Bridge Capital and gave the company a “buy” rating in a research report on Wednesday, August 7th.

The company’s 50-day moving average price is $6.27 and its 200-day moving average price is $6.22. The firm has a market cap of $60.90 million, a price-to-earnings ratio of 13.34 and a beta of 0.29.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its earnings results on Friday, July 26th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 60.04% and a return on equity of 13.60%. The company had revenue of $1.78 million during the quarter.

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Thursday, October 10th were given a $0.12 dividend. The ex-dividend date was Wednesday, October 9th. This represents a $0.48 annualized dividend and a dividend yield of 7.50%.

Several hedge funds and other institutional investors have recently made changes to their positions in LOAN. Shufro Rose & Co. LLC lifted its stake in shares of Manhattan Bridge Capital by 33.0% in the second quarter. Shufro Rose & Co. LLC now owns 95,625 shares of the credit services provider’s stock worth $612,000 after buying an additional 23,700 shares in the last quarter. Capital Planning Advisors LLC lifted its stake in shares of Manhattan Bridge Capital by 35.9% in the second quarter. Capital Planning Advisors LLC now owns 73,403 shares of the credit services provider’s stock worth $73,000 after buying an additional 19,374 shares in the last quarter. Aptus Capital Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the second quarter worth about $37,000. National Asset Management Inc. lifted its stake in shares of Manhattan Bridge Capital by 20.1% in the second quarter. National Asset Management Inc. now owns 35,849 shares of the credit services provider’s stock worth $230,000 after buying an additional 6,000 shares in the last quarter. Finally, BlackRock Inc. lifted its stake in shares of Manhattan Bridge Capital by 23.0% in the second quarter. BlackRock Inc. now owns 19,779 shares of the credit services provider’s stock worth $127,000 after buying an additional 3,704 shares in the last quarter. Institutional investors and hedge funds own 14.57% of the company’s stock.

Manhattan Bridge Capital Company Profile (NASDAQ:LOAN)

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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