Manhattan Bridge Capital (LOAN) Receiving Somewhat Positive News Coverage, Report Shows

News articles about Manhattan Bridge Capital (NASDAQ:LOAN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Manhattan Bridge Capital earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave media stories about the credit services provider an impact score of 47.339688338788 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have impacted Accern Sentiment Analysis’s rankings:

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Separately, Maxim Group reaffirmed a “buy” rating and set a $7.50 price target on shares of Manhattan Bridge Capital in a research note on Tuesday, March 20th.

Shares of Manhattan Bridge Capital stock traded up $0.25 during midday trading on Friday, reaching $7.20. 68,388 shares of the company were exchanged, compared to its average volume of 21,022. The firm has a market cap of $58.38, a PE ratio of 17.14 and a beta of 0.65. Manhattan Bridge Capital has a 12-month low of $4.65 and a 12-month high of $7.20.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings results on Monday, March 19th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.01). The firm had revenue of $1.60 million during the quarter. Manhattan Bridge Capital had a net margin of 58.09% and a return on equity of 15.05%.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Tuesday, April 10th will be issued a $0.12 dividend. This is a positive change from Manhattan Bridge Capital’s previous quarterly dividend of $0.11. The ex-dividend date is Monday, April 9th. This represents a $0.48 annualized dividend and a yield of 6.67%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 104.76%.

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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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