Home youth program budget Short-term stake in Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) increases 34.1%

Short-term stake in Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) increases 34.1%

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Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) was the target of significant short-term interest growth during the month of December. As of December 31, there were short interests totaling 12,200 shares, a growth of 34.1% from the total of 9,100 shares as of December 15. Currently, 0.1% of the stock’s shares are sold short. Based on an average daily volume of 46,700 shares, the days-to-cover ratio is currently 0.3 days.

Shares of TO LEND was trading down $0.10 on Tuesday, hitting $5.64. 201 shares of the stock traded in hands, compared to its average volume of 30,840. The company has a market capitalization of $64.83 million, a P/E ratio of 13.35 and a beta of 0, 60. The stock’s 50-day moving average is $5.84 and its two-hundred-day moving average is $6.24. Manhattan Bridge Capital has a 1-year low of $4.89 and a 1-year high of $8.05.

Manhattan Bridge Capital Inc (NASDAQ:LOAN) last reported quarterly earnings data on Tuesday, October 19. The credit service provider reported earnings per share (EPS) of $0.10 for the quarter, missing the consensus estimate of $0.11 per ($0.01). Manhattan Bridge Capital had a net margin of 62.00% and a return on equity of 11.84%.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 18. Shareholders of record on Friday, December 31 will receive a dividend of $0.125 per share. This represents a dividend of $0.50 on an annualized basis and a yield of 8.87%. The ex-date of this dividend is Thursday, December 30. Manhattan Bridge Capital’s dividend payout ratio is currently 116.28%.

A number of large investors have recently bought and sold shares of LOAN. Pinnacle Wealth Planning Services Inc. bought a new position in Manhattan Bridge Capital during the third quarter worth approximately $50,000. Schneider Downs Wealth Management Advisors LP acquired a new position in Manhattan Bridge Capital during the third quarter worth approximately $330,000. PDS Planning Inc bought a new position in Manhattan Bridge Capital during the third quarter worth approximately $223,000. Shufro Rose & Co. LLC increased its stake in Manhattan Bridge Capital by 28.1% during the third quarter. Shufro Rose & Co. LLC now owns 142,344 shares of the credit service provider worth $968,000 after purchasing an additional 31,219 shares during the period. Finally, CAPROCK Group Inc. bought a new stock position in Manhattan Bridge Capital in Q3 worth $136,000. 15.86% of the shares are currently held by institutional investors.

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Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc. engages in the origination, servicing and management of a portfolio of prime mortgage loans. It offers short-term, secured, non-bank loans to real estate investors to finance their acquisition and construction of properties located in the New York metropolitan area. The company was founded by Assaf N.

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