Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has received a consensus broker rating score of 1.00 (Strong Buy) from the two brokers that cover the stock, Zacks Investment Research reports. Two equities research analysts have rated the stock with a strong buy recommendation.

Analysts have set a 12 month consensus target price of $7.38 for the company, according to Zacks. Zacks has also given Manhattan Bridge Capital an industry rank of 100 out of 265 based on the ratings given to its competitors.

Separately, Maxim Group began coverage on Manhattan Bridge Capital in a research note on Thursday, December 21st. They issued a “buy” rating and a $7.50 target price for the company.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Moneta Group Investment Advisors LLC grew its holdings in shares of Manhattan Bridge Capital by 159.5% in the third quarter. Moneta Group Investment Advisors LLC now owns 181,302 shares of the credit services provider’s stock worth $181,000 after acquiring an additional 111,434 shares during the period. Vanguard Group Inc. grew its holdings in shares of Manhattan Bridge Capital by 4.1% in the second quarter. Vanguard Group Inc. now owns 246,326 shares of the credit services provider’s stock worth $1,466,000 after acquiring an additional 9,710 shares during the period. Finally, Bard Associates Inc. grew its holdings in shares of Manhattan Bridge Capital by 0.7% in the second quarter. Bard Associates Inc. now owns 278,475 shares of the credit services provider’s stock worth $1,657,000 after acquiring an additional 2,000 shares during the period. 11.97% of the stock is owned by institutional investors.

Shares of Manhattan Bridge Capital (NASDAQ LOAN) remained flat at $$5.79 during trading on Friday. 14,325 shares of the stock traded hands, compared to its average volume of 14,471. The stock has a market capitalization of $46.94, a P/E ratio of 14.46 and a beta of 0.76. Manhattan Bridge Capital has a 1 year low of $4.65 and a 1 year high of $7.65.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Thursday, October 19th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01. Manhattan Bridge Capital had a return on equity of 14.43% and a net margin of 59.63%. The business had revenue of $1.59 million for the quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.11 per share. This is a boost from Manhattan Bridge Capital’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.44 dividend on an annualized basis and a yield of 7.61%. Manhattan Bridge Capital’s payout ratio is presently 110.00%.

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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.

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