Manhattan Bridge Capital (LOAN) to Release Earnings on Monday

Manhattan Bridge Capital (NASDAQ:LOAN) will likely be announcing its earnings results before the market opens on Monday, April 21st. Analysts expect the company to announce earnings of $0.12 per share for the quarter.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Wednesday, March 12th. The credit services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The company had revenue of $2.36 million during the quarter.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ:LOAN opened at $5.39 on Friday. Manhattan Bridge Capital has a 12 month low of $4.74 and a 12 month high of $6.05. The firm has a market capitalization of $61.66 million, a P/E ratio of 11.00 and a beta of 0.26. The company’s fifty day moving average price is $5.54 and its 200 day moving average price is $5.52.

Manhattan Bridge Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.53%. The ex-dividend date was Tuesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio (DPR) is currently 95.83%.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a research note on Wednesday. They set a “strong-buy” rating on the stock.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.