Manhattan Bridge Capital (LOAN) Given Daily News Impact Rating of 0.27
Media coverage about Manhattan Bridge Capital (NASDAQ:LOAN) has trended positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Manhattan Bridge Capital earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned news stories about the credit services provider an impact score of 44.9058980883973 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Manhattan Bridge Capital (NASDAQ LOAN) traded down $0.03 during trading on Friday, hitting $5.85. The company’s stock had a trading volume of 18,904 shares, compared to its average volume of 16,457. The company has a market cap of $47.44, a price-to-earnings ratio of 14.63 and a beta of 0.76. Manhattan Bridge Capital has a twelve month low of $4.65 and a twelve month high of $7.35.
Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Thursday, October 19th. The credit services provider reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.01. The business had revenue of $1.59 million during the quarter. Manhattan Bridge Capital had a return on equity of 14.43% and a net margin of 59.63%.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.11 dividend. This is a positive change from Manhattan Bridge Capital’s previous quarterly dividend of $0.10. The ex-dividend date is Thursday, December 28th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.52%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 110.00%.
Separately, Maxim Group started coverage on Manhattan Bridge Capital in a report on Thursday, December 21st. They issued a “buy” rating and a $7.50 target price for the company.
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About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc (MBC) is a real estate finance company that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Company offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area.
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