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

Shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.80 and traded as low as $4.30. Manhattan Bridge Capital shares last traded at $4.30, with a volume of 6,138 shares changing hands.

Wall Street Analyst Weigh In

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

Manhattan Bridge Capital Price Performance

The firm has a market capitalization of $49.19 million, a PE ratio of 9.35 and a beta of 0.25. The firm’s fifty day moving average is $4.44 and its two-hundred day moving average is $4.80.

Manhattan Bridge Capital Cuts Dividend

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

Hedge Funds Weigh In On Manhattan Bridge Capital

Several institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in Manhattan Bridge Capital by 140.7% during the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock worth $31,000 after acquiring an additional 3,292 shares during the period. RW Investment Management LLC bought a new position in Manhattan Bridge Capital in the 3rd quarter valued at $71,000. Bridgeway Capital Management LLC grew its stake in Manhattan Bridge Capital by 28.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 19,516 shares of the credit services provider’s stock valued at $91,000 after purchasing an additional 4,300 shares during the period. Rothschild Wealth LLC purchased a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at $118,000. Finally, Kestra Advisory Services LLC raised 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 purchasing an additional 12,553 shares during the period. 21.84% of the stock is owned by 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.