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

Shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $4.48 and traded as low as $4.33. Manhattan Bridge Capital shares last traded at $4.43, with a volume of 25,295 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings lowered Manhattan Bridge Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 12th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

Manhattan Bridge Capital Stock Up 0.2%

The company has a market cap of $50.06 million, a P/E ratio of 9.95 and a beta of 0.17. The company has a fifty day moving average of $4.33 and a 200 day moving average of $4.48.

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

Manhattan Bridge Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 8th will be paid a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, July 8th. This represents a $0.44 annualized dividend and a dividend yield of 10.0%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is 100.00%.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors and hedge funds have recently modified their holdings of LOAN. Beese Fulmer Investment Management Inc. raised its holdings in Manhattan Bridge Capital by 200.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 343,376 shares of the credit services provider’s stock valued at $1,597,000 after acquiring an additional 229,244 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Manhattan Bridge Capital by 28.8% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock valued at $1,996,000 after acquiring an additional 81,220 shares during the last quarter. Vanguard Group Inc. lifted its stake in Manhattan Bridge Capital by 2.5% in the 3rd quarter. Vanguard Group Inc. now owns 383,385 shares of the credit services provider’s stock worth $2,116,000 after purchasing an additional 9,330 shares in the last quarter. RW Investment Management LLC purchased a new stake in Manhattan Bridge Capital in the 3rd quarter worth $71,000. Finally, Apella Capital LLC bought a new position in shares of Manhattan Bridge Capital during the 4th quarter valued at about $192,000. 21.84% of the stock is currently 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.