LOAN

Manhattan Bridge Capital
LOAN

$5.25

0.67%

Market Cap: $60M

About: Manhattan Bridge Capital Inc is a real estate finance company taxed as a REIT that specializes in originating, servicing and managing a portfolio of first mortgage loans. The company offers short-term, secured, non-banking loans which may renew or extend, before or after their initial term expires, to real estate investors to fund their acquisition, renovation, rehabilitation or development of residential or commercial properties located in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.

Employees: 5

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

20% more repeat investments, than reductions

Existing positions increased: 18 | Existing positions reduced: 15

10% more capital invested

Capital invested by funds: $10.3M [Q1] → $11.3M (+$1.05M) [Q2]

0.35% less ownership

Funds ownership: 26.7% [Q1] → 26.34% (-0.35%) [Q2]

2% less funds holding

Funds holding: 46 [Q1] → 45 (-1) [Q2]

20% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 5

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Research analyst outlook

We haven’t received any recent analyst ratings for LOAN.

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Financial journalist opinion

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

GREAT NECK, N.Y., July 29, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LO AN ) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on October 8, 2024. The dividend will be paid on October 15, 2024.

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Manhattan Bridge Capital, Inc. Reports Second Quarter 2024 Results

GREAT NECK, N.Y., July 22, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOA N ) (the “Company”) announced today that its total revenues for the three months ended June 30, 2024 were approximately $2,443,000 compared to approximately $2,399,000 for the three months ended June 30, 2023, an increase of $44,000, or 1.8%. The increase in revenue was due to higher interest rates charged on the Company's commercial loans, partially offset by a reduction in loans receivable, period over period, and reduced origination fees, which were impacted by a slowdown in new loan originations. For the three months ended June 30, 2024 and 2023, approximately $2,033,000 and $1,943,000, respectively, of the Company's revenues were attributable to interest income on secured commercial loans that the Company offers to real estate investors, and approximately $411,000 and $457,000, respectively, of its revenues were attributable to origination fees on such loans. The loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers.

Manhattan Bridge Capital, Inc. Reports Second Quarter 2024 Results

U.S. equity markets were little changed this week, while long-term benchmark interest rates surged as investors assessed the political and economic fallout from a disastrous debate performance by President Biden. Beneath the political drama, investors parsed corporate commentary and economic data that pointed towards a further slowdown in U.S. consumer spending, while inflation data showed a continued moderation in price pressures. Declining for just the second week in the past ten, the S&P 500 posted fractional declines on the week, but nevertheless held on to impressive first-half total returns of over 15%.

Debate Debacle

Manhattan Bridge Capital, Inc. Reports First Quarter Results for 2024

GREAT NECK, N.Y., April 23, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN ) announced today that its net income for the three months ended March 31, 2024 was approximately $1,476,000, or $0.13 per share (based on approximately 11.4 million weighted-average outstanding common shares), compared to approximately $1,260,000, or $0.11 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the three months ended March 31, 2023, an increase of $216,000, or 17.1%. This increase is primarily attributable to an increase in interest income from loans and a decrease in general and administrative expenses, partially offset by an increase in interest expense.

Manhattan Bridge Capital, Inc. Reports First Quarter Results for 2024

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

GREAT NECK, N.Y., March 28, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that, in accordance with the board approved dividend declared on February 7, 2024, a cash dividend of $0.115 per share will be paid to all shareholders of record on April 10, 2024. The dividend will be paid on April 15, 2024.

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

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Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

GREAT NECK, N.Y., March 12, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on July 10, 2024. The dividend will be paid on July 15, 2024.

Manhattan Bridge Capital, Inc. Declares Quarterly Dividend

Manhattan Bridge Capital, Inc. Reports Results for 2023

GREAT NECK, N.Y., March 11, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN ) (the “Company”) announced today that net income for the year ended December 31, 2023 was approximately $5,476,000, or $0.48 per share (based on approximately 11.5 million weighted-average outstanding common shares), versus approximately $5,212,000, or $0.45 per share (based on approximately 11.5 million weighted-average outstanding common shares) for the year ended December 31, 2022, an increase of $264,000, or 5.1%. This increase is primarily attributable to an increase in interest income from loans, partially offset by increases in interest expense and in general and administrative expenses.

Manhattan Bridge Capital, Inc. Reports Results for 2023

Manhattan Bridge Capital, Inc. Declares an Increased Quarterly Dividend of $0.115 per Share

GREAT NECK, N.Y., Feb. 07, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that its board of directors has declared a quarterly dividend of $0.115 per share to be paid to all shareholders of record on April 10, 2024. The dividend will be paid on April 15, 2024.

Manhattan Bridge Capital, Inc. Declares an Increased Quarterly Dividend of $0.115 per Share

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

GREAT NECK, N.Y., Dec. 27, 2023 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN ) announced today that, in accordance with the board approved dividend declared on November 28, 2023, a cash dividend of $0.1125 per share will be paid to all shareholders of record on December 29, 2023. The dividend will be paid on January 16, 2024.

Manhattan Bridge Capital, Inc. Announces Payment of Quarterly Dividend

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