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Last $4.24 USD
Change Today +0.1579 / 3.87%
Volume 49.6K
As of 8:10 PM 04/20/15 All times are local (Market data is delayed by at least 15 minutes).

manhattan bridge capital inc (LOAN) Snapshot

Open
$4.14
Previous Close
$4.08
Day High
$4.25
Day Low
$4.10
52 Week High
01/5/15 - $4.44
52 Week Low
04/22/14 - $1.83
Market Cap
25.8M
Average Volume 10 Days
34.7K
EPS TTM
$0.29
Shares Outstanding
6.1M
EX-Date
04/8/15
P/E TM
14.6x
Dividend
$0.32
Dividend Yield
7.08%
Current Stock Chart for MANHATTAN BRIDGE CAPITAL INC (LOAN)

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manhattan bridge capital inc (LOAN) Details

Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or improvement of properties in the New York metropolitan area. Its loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the businesses. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in Great Neck, New York.

3 Employees
Last Reported Date: 03/23/15
Founded in 1989

manhattan bridge capital inc (LOAN) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $290.0K
Compensation as of Fiscal Year 2013.

manhattan bridge capital inc (LOAN) Key Developments

Manhattan Bridge Capital, Inc. Reports Consolidated Earnings Results for the Year Ended December 31, 2014

Manhattan Bridge Capital, Inc. reported consolidated earnings results for the year ended December 31, 2014. For the year, the company reported net income of $0.29 per basic and diluted share or approximately $1,455,000, against $0.14 per basic and diluted share, or approximately $583,000 for the year ended December 31, 2013. This increase in net income was mainly due to an increase in operating income as a result of increased lending activity and minimal income tax expense for 2014 as a result of the company's intention to elect REIT status for 2014. Total revenue was approximately $2,904,000 compared to approximately $2,260,000 for the year ended December 31, 2013, an increase of $644,000 or 28.5%. The increase in revenue represents an increase in lending operations. In 2014, approximately $2,401,000 of the company's revenue represents interest income on secured, commercial loans that the company offers to small businesses compared to approximately $1,858,000 in 2013, and approximately $503,000 represents origination fees on such loans compared to approximately $402,000 in 2013. Income from operations was $1,461,147 compared to $977,419 reported a year ago. Income before income tax expense was $1,482,344 compared to $969,967 reported a year ago. Net cash provided by operating activities was $1,278,450 compared to $785,757 reported a year ago. Purchase of fixed assets was $19,088.

Manhattan Bridge Capital Declares Quarterly Dividend Payable on April 15, 2015

Manhattan Bridge Capital, Inc. announced that it will pay a quarterly dividend on its common stock of $0.08 per share on April 15 to shareholders of record on April 10. The financial services company has maintained its dividend rate from the previous quarter.

Manhattan Bridge Capital, Inc. Establishes Three-Year $14 Million Revolving Line of Credit

Manhattan Bridge Capital, Inc. announced that it has entered into a Line of Credit Agreement with Webster Business Credit Corporation pursuant to which the lender has agreed to advance up to $14 million at an interest rate of either LIBOR plus 4.75% or Prime plus $3.25% against assignments of mortgages and other collateral. The new line of credit will replace the $7 million line of credit the Company has with Sterling National Bank.

 

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