Earnings News

Stock News Buzz: Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

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Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) announced that, in accordance with the board approved dividend declared on July 27, 2018, a cash dividend of $0.12 per share will be paid to all shareholders of record on October 10, 2018. The dividend will be paid on October 15, 2018.

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) spotted trading -18.75% off 52-week high price. On the other end, the stock has been noted 18.18% away from the low price over the last 52-weeks. The stock changed 0.78% to recent value of $6.5. The stock transacted 7884 shares during most recent day however it has an average volume of 42.67K shares. The company has 9.1M of outstanding shares and 6.93M shares were floated in the market.

Its earnings per share (EPS) expected to touch remained 13.40% for this year. LOAN has a an operating margin of 58.60% while its profit margin remained 57.30% for the last 12 months.

According to the most recent quarter its current ratio was 13 that represents company’s ability to meet its current financial obligations. The price moved ahead of 1.29% from the mean of 20 days, -1.88% from mean of 50 days SMA and performed -2.97% from mean of 200 days price. Company’s performance for the week was 5.69%, -0.76% for month and YTD performance remained 9.34%.

Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.

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