Manhattan Bridge Capital, Inc (NASDAQ:LOAN) announced its quarterly earnings data on Thursday. The credit services provider reported $0.12 EPS for the quarter, beating the consensus estimate of $0.11 by $0.01, MarketWatch Earnings reports. Manhattan Bridge Capital had a return on equity of 13.39% and a net margin of 59.95%.

Manhattan Bridge Capital (NASDAQ:LOAN) opened at 5.90 on Friday. The company has a market capitalization of $47.80 million, a P/E ratio of 15.49 and a beta of 0.80. Manhattan Bridge Capital has a one year low of $4.65 and a one year high of $7.65. The stock’s 50 day moving average price is $5.85 and its 200 day moving average price is $5.56.

The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.1025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $0.41 annualized dividend and a dividend yield of 6.95%. Manhattan Bridge Capital’s payout ratio is presently 107.90%.

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A hedge fund recently raised its stake in Manhattan Bridge Capital stock. Vanguard Group Inc. increased its stake in shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 4.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 246,326 shares of the credit services provider’s stock after purchasing an additional 9,710 shares during the quarter. Vanguard Group Inc. owned approximately 3.04% of Manhattan Bridge Capital worth $1,466,000 as of its most recent SEC filing. Institutional investors own 11.40% of the company’s stock.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.

Earnings History for Manhattan Bridge Capital (NASDAQ:LOAN)

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