Manhattan Bridge Capital Fourth Quarter Results

Actions of Manhattan Bridge Capital (NASDAQ: LOAN) fell 0.6% in pre-market trading after the company released its fourth quarter results.

Quarterly results

Earnings per share fell 16.67% year-over-year to $ 0.10, which missed the estimate of $ 0.11.

Revenue of $ 1,768,000 was down 4.69% from the same period last year, beating the estimate of $ 1,200,000.

Look ahead

Profit forecasts have not been released by the company at this time.

See more income on LOAN

The revenue forecast has not been released by the company at this time.

Price action

52 week high: $ 5.69

The company’s 52-week low was at $ 2.54

Price action in the last quarter: up 29.55%

Company Description

Manhattan Bridge Capital Inc operates as a real estate investment trust specializing in the creation, management and management of a portfolio of senior mortgages. It provides short-term, secured and non-bank loans to real estate investors to finance the acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. The primary business objective of the company is to grow its loan portfolio while protecting and preserving capital in a way that provides its shareholders with attractive long-term risk-adjusted returns through dividends. The business generates income in the form of interest income from loans.

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