Manhattan Bridge Capital (NASDAQ:LOAN) had declared a cash dividend of $0.1000 on Aug 1, 2016. The shares will quote ex-dividend on Oct 7, 2016 and the record date has been fixed for Oct 11, 2016. On Aug 1, 2016 share price, the yield comes out to be 7.1813%. The dividend payable date has been fixed on Oct 17, 2016.
Manhattan Bridge Capital (LOAN) made into the market gainers list on Mondays trading session with the shares advancing 11.67% or 0.67 points. Due to strong positive momentum, the stock ended at $6.41, which is also near the day’s high of $6.43. The stock began the session at $5.8 and the volume stood at 1,36,859 shares. The 52-week high of the shares is $6.43 and the 52 week low is $2.98. The company has a current market capitalization of $47 M and it has 72,92,239 shares in outstanding.
Manhattan Bridge Capital(LOAN) last announced its earnings results on May 2, 2016 for Fiscal Year 2016 and Q1.Earnings per share were $0.10.
Several Insider Transactions has been reported to the SEC. On Dec 31, 2015, Michael Jackson (director) sold 14,000 shares at $4.25 per share price.
Manhattan Bridge Capital Inc. (MBC) is a real estate finance company that specializes in originating servicing and managing a portfolio of first mortgage loans. The Company offers short-term secured non-banking loans (sometimes referred to as hard money loans) to real estate investors to fund their acquisition renovation rehabilitation or improvement of properties located in the New York metropolitan area. Its primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends. The Company intends to achieve this objective by continuing to selectively originate fund loans secured by first mortgages on residential real estate held for investment located in the New York metropolitan area and to manage and service its portfolio in a manner designed to generate risk-adjusted returns across a variety of market conditions and economic cycles.