Manhattan Bridge Capital (NASDAQ:LOAN) Share Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.11 and traded as low as $4.57. Manhattan Bridge Capital shares last traded at $4.58, with a volume of 16,786 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Bridge Capital in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Manhattan Bridge Capital currently has a consensus rating of “Hold”.

Manhattan Bridge Capital Stock Performance

The firm has a market capitalization of $52.28 million, a price-to-earnings ratio of 9.93 and a beta of 0.25. The company has a 50-day moving average price of $4.68 and a 200-day moving average price of $5.10.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Friday, October 24th. The credit services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $2.04 million for the quarter. Manhattan Bridge Capital had a return on equity of 12.22% and a net margin of 58.67%.

Manhattan Bridge Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 10.1%. The ex-dividend date was Wednesday, December 31st. Manhattan Bridge Capital’s payout ratio is currently 100.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Atria Wealth Solutions Inc. raised its holdings in Manhattan Bridge Capital by 57.2% during the second quarter. Atria Wealth Solutions Inc. now owns 39,871 shares of the credit services provider’s stock worth $218,000 after purchasing an additional 14,513 shares in the last quarter. Melia Wealth LLC increased its position in Manhattan Bridge Capital by 4.9% during the 2nd quarter. Melia Wealth LLC now owns 378,533 shares of the credit services provider’s stock worth $2,071,000 after purchasing an additional 17,615 shares during the period. Frazier Financial Advisors LLC acquired a new position in Manhattan Bridge Capital during the 2nd quarter worth approximately $112,000. International Assets Investment Management LLC purchased a new position in shares of Manhattan Bridge Capital during the 2nd quarter worth approximately $149,000. Finally, Fortress Financial Solutions LLC lifted its holdings in shares of Manhattan Bridge Capital by 3.9% in the 2nd quarter. Fortress Financial Solutions LLC now owns 120,282 shares of the credit services provider’s stock valued at $658,000 after buying an additional 4,522 shares during the period. 21.84% of the stock is owned by hedge funds and other institutional investors.

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.