The Financial Services sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurances, Savings, and all such financial concerns.
Today I’m reviewing a credit services company. It’s a small cap stock, Manhattan Bridge Capital Inc. It’s trading ticker symbol is LOAN.Â
Manhattan Bridge Capital Inc originates, services, and manages a portfolio of first mortgage loans. It offers short-term, secured, non-banking loans to real estate investors to fund their acquisition and construction of properties in the New York metropolitan area.
The company’s loans are principally secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the businesses. It qualifies as a real estate investment trust for federal income tax purposes. The company generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Manhattan Bridge Capital, Inc. was founded in 1989 and is headquartered in Great Neck, New York.
Three key data points measure dividend equities or funds like Manhattan Bridge Capital Inc.:Â
(1) Price
(2) Dividends
(3) Returns
After those three, four more keys will unlock an equity or fund in which to invest.
Those first three primary keys, however, best tell whether a company has made, is making, and will make money.Â
LOAN Price
Manhattan Bridge’s price at yesterday’s market close was $6.40 per share. A year ago its price was $5.70. That is a gain of $0.70 per share in the past year. Â
Assuming Manhattan Bridge’s price gains at the same pace this year, its price would grow from $6.40 to $7.10 by March 2019.
LOAN Dividends
Manhattan Bridge’s most recent quarterly dividend was $0.12 declared February 6, and payable April 16, 2018
The Manhattan Bridge annual dividend for 2018 is estimated at $0.48 to be paid in four quarterly installments in April, July, October, and January.
