Manhattan Bridge Capital (NASDAQ:LOAN) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $4.42 and traded as high as $4.75. Manhattan Bridge Capital shares last traded at $4.68, with a volume of 130,888 shares traded.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Bridge Capital in a research report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Manhattan Bridge Capital Stock Performance

The firm’s 50 day moving average price is $4.42 and its 200-day moving average price is $4.74. The firm has a market capitalization of $53.49 million, a PE ratio of 10.40 and a beta of 0.21.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Friday, March 27th. The credit services provider reported $0.10 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.10. Manhattan Bridge Capital had a net margin of 58.97% and a return on equity of 11.81%. The business had revenue of $0.00 million for the quarter, compared to analyst estimates of $2.11 million.

Manhattan Bridge Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend is Wednesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio is presently 102.22%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its stake in Manhattan Bridge Capital by 140.7% in the 2nd quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock valued at $31,000 after buying an additional 3,292 shares in the last quarter. RW Investment Management LLC purchased a new position in Manhattan Bridge Capital in the 3rd quarter valued at about $71,000. Bridgeway Capital Management LLC lifted 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 buying an additional 4,300 shares in the last quarter. Briaud Financial Planning Inc purchased a new position in Manhattan Bridge Capital in the 3rd quarter valued at about $136,000. Finally, Rothschild Wealth LLC purchased a new position in Manhattan Bridge Capital in the 4th quarter valued at about $118,000. 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.