Manhattan Bridge Capital (NASDAQ:LOAN) Stock Passes Below 200 Day Moving Average – Should You Sell?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.49 and traded as low as $4.26. Manhattan Bridge Capital shares last traded at $4.31, with a volume of 7,985 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Manhattan Bridge Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 28th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Manhattan Bridge Capital presently has an average rating of “Hold”.

Manhattan Bridge Capital Stock Performance

The business’s 50-day moving average price is $4.37 and its 200 day moving average price is $4.49. The company has a market cap of $49.26 million, a P/E ratio of 9.80 and a beta of 0.17.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings data on Thursday, April 16th. The credit services provider reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 59.24% and a return on equity of 11.59%. The firm had revenue of $2.07 million during the quarter, compared to the consensus estimate of $2.18 million.

Manhattan Bridge Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 8th will be paid a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date is Wednesday, July 8th. Manhattan Bridge Capital’s dividend payout ratio (DPR) is currently 100.00%.

Institutional Trading of Manhattan Bridge Capital

A number of hedge funds have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its stake in shares of Manhattan Bridge Capital by 7.9% during the 1st quarter. Renaissance Technologies LLC now owns 196,018 shares of the credit services provider’s stock worth $872,000 after buying an additional 14,290 shares during the last quarter. Frazier Financial Advisors LLC lifted its stake in shares of Manhattan Bridge Capital by 156.0% during the 1st quarter. Frazier Financial Advisors LLC now owns 203,866 shares of the credit services provider’s stock worth $907,000 after buying an additional 124,229 shares during the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of Manhattan Bridge Capital by 28.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 19,516 shares of the credit services provider’s stock worth $91,000 after buying an additional 4,300 shares during the last quarter. Rothschild Wealth LLC acquired a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth about $118,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of Manhattan Bridge Capital by 94.2% during the 4th quarter. Kestra Advisory Services LLC now owns 25,877 shares of the credit services provider’s stock worth $120,000 after buying an additional 12,553 shares during the last quarter. Institutional investors and hedge funds own 21.84% of the company’s stock.

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.