Benzinga | Oct 20, 2020 07:46AM EDT

Manhattan Bridge Capital: Q3 Earnings Insights

Shares of Manhattan Bridge Capital (NASDAQ:LOAN) were unchanged after the company reported Q3 results.

Quarterly Results

Earnings per share increased 0.00% over the past year to $0.12, which beat the estimate of $0.10.

Revenue of $1,786,000 declined by 6.83% from the same period last year, which beat the estimate of $1,440,000.

Guidance

Earnings guidance hasn't been issued by the company for now.

Manhattan Bridge Capital hasn't issued any revenue guidance for the time being.

Technicals

Company's 52-week high was at $6.50

Company's 52-week low was at $2.54

Price action over last quarter: Up 3.10%

Company Overview

Manhattan Bridge Capital Inc operates as a real estate investment trust that specializes in originating, servicing and managing a portfolio of first mortgage loans. It offers short-term, secured, non-banking loans to real estate investors to fund their 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 manner that provides for attractive risk-adjusted returns to its shareholders over the long-term through dividends. The company generates revenue in the form of interest income from loans.