Manhattan Bridge Capital (NASDAQ:LOAN) Stock Price Crosses Below 200-Day Moving Average – Time to Sell?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.99 and traded as low as $4.38. Manhattan Bridge Capital shares last traded at $4.42, with a volume of 29,449 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Manhattan Bridge Capital in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold”.

Manhattan Bridge Capital Stock Down 0.7%

The company’s 50-day moving average is $4.64 and its two-hundred day moving average is $4.99. The company has a market cap of $50.56 million, a P/E ratio of 9.61 and a beta of 0.25.

Manhattan Bridge Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Wednesday, April 8th will be given a $0.11 dividend. The ex-dividend date is Wednesday, April 8th. This represents a $0.44 annualized dividend and a yield of 10.0%. Manhattan Bridge Capital’s payout ratio is 100.00%.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors have recently added to or reduced their stakes in the business. Rothschild Wealth LLC bought a new stake in shares of Manhattan Bridge Capital in the 4th quarter valued at about $118,000. Kestra Advisory Services LLC increased its stake in Manhattan Bridge Capital by 94.2% in the 4th quarter. Kestra Advisory Services LLC now owns 25,877 shares of the credit services provider’s stock worth $120,000 after purchasing an additional 12,553 shares during the period. Gen Wealth Partners Inc bought a new stake in Manhattan Bridge Capital in the fourth quarter valued at approximately $161,000. Renaissance Technologies LLC boosted its stake in shares of Manhattan Bridge Capital by 4.5% during the fourth quarter. Renaissance Technologies LLC now owns 181,728 shares of the credit services provider’s stock valued at $845,000 after purchasing an additional 7,900 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its stake in shares of Manhattan Bridge Capital by 72.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 31,310 shares of the credit services provider’s stock valued at $146,000 after purchasing an additional 13,139 shares during the period. 21.84% of the stock is currently 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.