Manhattan Bridge Capital, Inc. (NASDAQ: READY – Get a rating) Director Michael Jackson acquired 2,000 shares of the company in a transaction that took place on Monday, May 23. The shares were 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, valued at $210,600. The acquisition was disclosed in an SEC filing, available at the SEC website.
Michael Jackson also recently made the following trade(s):
- On Friday, May 20, Michael Jackson acquired 2,000 shares of Manhattan Bridge Capital. The shares were acquired at an average price of $5.36 per share, for a total transaction of $10,720.00.
READY opened at $5.41 on Tuesday. The company’s fifty-day moving average is $5.86 and its two-hundred-day moving average is $5.80. The company has a market capitalization of $62.19 million, a PE ratio of 12.58 and a beta of 0.59. Manhattan Bridge Capital, Inc. has a 12-month low of $5.25 and a 12-month high of $8.05.
Manhattan Bridge Capital (NASDAQ: READY – Get a rating) last released its results on Friday, March 11. The credit service provider reported earnings per share of $0.09 for the quarter, missing the consensus estimate of $0.10 per ($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 15. Shareholders of record on Friday, July 8 will receive a dividend of $0.125. The ex-dividend date for this dividend is Thursday, July 7. This represents an annualized dividend of $0.50 and a yield of 9.24%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is currently 116.28%.
Institutional investors and hedge funds have recently bought and sold shares of the company. 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 service provider worth $115,000 after acquiring 1,997 additional 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 worth $137,000 after acquiring an additional 17,905 shares last quarter. Geode Capital Management LLC purchased a new stake in shares of Manhattan Bridge Capital during the third quarter at a value of $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 service provider worth $41,000 after acquiring an additional 5,000 shares last quarter. Finally, Citadel Advisors LLC purchased a new equity stake from Manhattan Bridge Capital during the third quarter at a value of $78,000. Institutional investors hold 26.27% of the company’s shares.
Separately, TheStreet upgraded shares of Manhattan Bridge Capital from a “c+” rating to a “b-” rating in a report on Wednesday, February 2.
About the Capital of the Manhattan Bridge (Get a rating)
Manhattan Bridge Capital, Inc, a real estate finance company, originates, maintains and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, non-bank loans to real estate investors to finance their acquisition, renovation, rehabilitation or improvement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.
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