LOAN
Manhattan Bridge CapitalLOAN
LOAN
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
172% more capital invested
Capital invested by funds: $11.4M [Q2] → $31M (+$19.6M) [Q3]
24.43% more ownership
Funds ownership: 26.41% [Q2] → 50.84% (+24.43%) [Q3]
20% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 5
2% more funds holding
Funds holding: 45 [Q2] → 46 (+1) [Q3]
41% less repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 17
Research analyst outlook
We haven’t received any recent analyst ratings for LOAN.
Financial journalist opinion
Neutral
GlobeNewsWire
3 weeks ago
Manhattan Bridge Capital, Inc. Declares Quarterly Dividend
GREAT NECK, N.Y., Nov. 26, 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 December 31, 2024. The dividend will be paid on January 15, 2025.
Neutral
GlobeNewsWire
1 month ago
Manhattan Bridge Capital, Inc. Reports Third Quarter 2024 Results
GREAT NECK, N.Y., Oct. 23, 2024 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) (the “Company”) announced today that its net income for the three months ended September 30, 2024 was approximately $1,399,000, or $0.12 per basic and diluted share (based on approximately 11.4 million weighted-average outstanding common shares), as compared to approximately $1,446,000, or $0.13 per basic and diluted share (based on approximately 11.5 million weighted-average outstanding common shares), for the three months ended September 30, 2023, a decrease of $47,000, or 3.3%. This decrease is primarily attributable to a decrease in revenue, partially offset by a decrease in interest expense.
Neutral
GlobeNewsWire
4 months ago
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.
Neutral
GlobeNewsWire
5 months ago
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.
Negative
Seeking Alpha
5 months ago
Debate Debacle
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%.
Neutral
GlobeNewsWire
7 months ago
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.
Neutral
GlobeNewsWire
8 months ago
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.
Positive
24/7 Wall Street
9 months ago
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Neutral
GlobeNewsWire
9 months ago
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.
Neutral
GlobeNewsWire
9 months ago
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.
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