Manhattan Bridge Capital, Inc. (NASDAQ:LOAN – Get Rating) Director Michael Jackson acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, May 23rd. The stock was acquired at an average price of $5.40 per share, for a total transaction of $10,800.00. Following the completion of the acquisition, the director now directly owns 39,000 shares of the company’s stock, valued at $210,600. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Michael Jackson also recently made the following trade(s):

• On Friday, May 20th, Michael Jackson acquired 2,000 shares of Manhattan Bridge Capital stock. The stock was acquired at an average price of $5.36 per share, for a total transaction of $10,720.00.

LOAN opened at $5.41 on Tuesday. The firm’s fifty day moving average is $5.86 and its two-hundred day moving average is $5.80. The firm has a market cap of $62.19 million, a PE ratio of 12.58 and a beta of 0.59. Manhattan Bridge Capital, Inc. has a twelve month low of $5.25 and a twelve month high of $8.05.

Manhattan Bridge Capital (NASDAQ:LOAN – Get Rating) last posted its earnings results on Friday, March 11th. The credit services provider reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Manhattan Bridge Capital had a return on equity of 11.50% and a net margin of 65.94%.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Shareholders of record on Friday, July 8th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Thursday, July 7th. This represents a $0.50 annualized dividend and a yield of 9.24%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 116.28%.

Institutional investors and hedge funds have recently bought and sold shares of the business. Advisor Group Holdings Inc. increased its position in shares of Manhattan Bridge Capital by 13.3% during the third quarter. Advisor Group Holdings Inc. now owns 16,966 shares of the credit services provider’s stock worth $115,000 after acquiring an additional 1,997 shares in the last quarter. BlackRock Inc. increased its position in shares of Manhattan Bridge Capital by 810.5% during the third quarter. BlackRock Inc. now owns 20,114 shares of the credit services provider’s stock worth $137,000 after acquiring an additional 17,905 shares in the last quarter. Geode Capital Management LLC bought a new stake in shares of Manhattan Bridge Capital during the third quarter worth $115,000. Royal Bank of Canada increased its position in shares of Manhattan Bridge Capital by 500.0% during the third quarter. Royal Bank of Canada now owns 6,000 shares of the credit services provider’s stock worth $41,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Manhattan Bridge Capital during the third quarter worth $78,000. Institutional investors own 26.27% of the company’s stock.

Separately, TheStreet upgraded shares of Manhattan Bridge Capital from a “c+” rating to a “b-” rating in a report on Wednesday, February 2nd.

About Manhattan Bridge Capital (Get Rating)

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.

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