Manhattan Bridge Capital CEO Acquires $26,400 in Stock (LOAN)
Manhattan Bridge Capital (NASDAQ:LOAN) CEO Assaf Ran acquired 10,000 shares of the stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was purchased at an average price of $2.64 per share, for a total transaction of $26,400.00. Following the purchase, the chief executive officer now directly owns 2,511,000 shares in the company, valued at approximately $6,629,040. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Manhattan Bridge Capital (NASDAQ:LOAN) traded down 3.61% during mid-day trading on Thursday, hitting $2.67. The stock had a trading volume of 6,496 shares. Manhattan Bridge Capital has a 1-year low of $1.52 and a 1-year high of $4.00. The stock has a 50-day moving average of $2. and a 200-day moving average of $2.33. The company has a market cap of $16.2 million and a price-to-earnings ratio of 19.10.
Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings data on Wednesday, August 13th. The company reported $0.10 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.