Manhattan Bridge Capital (NASDAQ:LOAN) Stock Price Passes Below 200-Day Moving Average – Should You Sell?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.11 and traded as low as $4.57. Manhattan Bridge Capital shares last traded at $4.58, with a volume of 16,786 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Manhattan Bridge Capital in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Manhattan Bridge Capital has a consensus rating of “Hold”.

Manhattan Bridge Capital Stock Performance

The firm’s 50-day simple moving average is $4.68 and its 200 day simple moving average is $5.11. The stock has a market capitalization of $52.40 million, a P/E ratio of 9.96 and a beta of 0.25.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings data on Friday, October 24th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The company had revenue of $2.04 million for the quarter. Manhattan Bridge Capital had a return on equity of 12.22% and a net margin of 58.67%.

Manhattan Bridge Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.115 per share. The ex-dividend date was Wednesday, December 31st. This represents a $0.46 dividend on an annualized basis and a yield of 10.0%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 100.00%.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors and hedge funds have recently bought and sold shares of the business. Mercer Global Advisors Inc. ADV lifted its position in shares of Manhattan Bridge Capital by 28.8% in the third quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock valued at $1,996,000 after buying an additional 81,220 shares during the last quarter. Melia Wealth LLC raised its stake in Manhattan Bridge Capital by 15.3% in the 3rd quarter. Melia Wealth LLC now owns 436,465 shares of the credit services provider’s stock valued at $2,394,000 after acquiring an additional 57,932 shares during the period. Certuity LLC acquired a new stake in Manhattan Bridge Capital during the 2nd quarter valued at $306,000. Apella Capital LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter valued at $192,000. Finally, Fortress Financial Solutions LLC boosted its position in Manhattan Bridge Capital by 26.7% during the third quarter. Fortress Financial Solutions LLC now owns 152,430 shares of the credit services provider’s stock worth $837,000 after purchasing an additional 32,148 shares during the period. Institutional investors own 21.84% of the company’s stock.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.