Insider Buying: Manhattan Bridge Capital CEO Buys 10,000 Shares of Stock (LOAN)
Manhattan Bridge Capital (NASDAQ:LOAN) CEO Assaf Ran purchased 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of $2.64 per share, for a total transaction of $26,400.00. Following the completion of the transaction, the chief executive officer now directly owns 2,511,000 shares of the company’s stock, valued at approximately $6,629,040. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Manhattan Bridge Capital (NASDAQ:LOAN) traded up 3.11% during mid-day trading on Tuesday, hitting $2.65. 81,171 shares of the company’s stock traded hands. Manhattan Bridge Capital has a one year low of $1.52 and a one year high of $4.00. The stock has a 50-day moving average of $2.87 and a 200-day moving average of $2.31. The company has a market cap of $16.1 million and a P/E ratio of 17.72.
Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.10 EPS for the quarter.
Manhattan Bridge Capital, Inc (NASDAQ:LOAN), through its wholly owned subsidiaries, offer short-term, secured, nonbanking loans to real estate investors to fund their acquisition and construction of properties located in the New York Metropolitan area.
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