Manhattan Bridge Capital, Inc (NASDAQ:LOAN – Get Free Report) CEO Assaf Ran purchased 8,000 shares of the stock in a transaction on Tuesday, July 28th. The shares were acquired at an average price of $3.99 per share, for a total transaction of $31,920.00. Following the transaction, the chief executive officer directly owned 1,235,000 shares of the company’s stock, valued at $4,927,650. This represents a 0.65% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Manhattan Bridge Capital Trading Up 0.5%
Shares of LOAN opened at $4.22 on Friday. Manhattan Bridge Capital, Inc has a 12 month low of $3.90 and a 12 month high of $5.80. The stock’s 50 day moving average is $4.32 and its two-hundred day moving average is $4.39. The firm has a market cap of $48.23 million, a P/E ratio of 10.05 and a beta of 0.14.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last announced its earnings results on Thursday, July 23rd. The credit services provider reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.01). Manhattan Bridge Capital had a return on equity of 11.02% and a net margin of 58.30%.The business had revenue of $0.00 million for the quarter, compared to analyst estimates of $2.04 million.
Manhattan Bridge Capital Dividend Announcement
Institutional Investors Weigh In On Manhattan Bridge Capital
Several large investors have recently bought and sold shares of LOAN. Beese Fulmer Investment Management Inc. lifted its position in shares of Manhattan Bridge Capital by 200.9% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 343,376 shares of the credit services provider’s stock valued at $1,597,000 after acquiring an additional 229,244 shares in the last quarter. Frazier Financial Advisors LLC boosted its stake in shares of Manhattan Bridge Capital by 156.0% in the first quarter. Frazier Financial Advisors LLC now owns 203,866 shares of the credit services provider’s stock worth $907,000 after acquiring an additional 124,229 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Manhattan Bridge Capital by 28.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock worth $1,996,000 after purchasing an additional 81,220 shares in the last quarter. Eclectic Associates Inc. ADV purchased a new stake in shares of Manhattan Bridge Capital during the second quarter worth approximately $190,000. Finally, Apella Capital LLC acquired a new position in Manhattan Bridge Capital in the 4th quarter valued at $192,000. 21.84% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of Manhattan Bridge Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, July 23rd. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Manhattan Bridge Capital presently has a consensus rating of “Hold”.
View Our Latest Analysis on Manhattan Bridge Capital
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.
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