Manhattan Bridge Capital, Inc. Announces the Buyback of its Common Shares
Manhattan Bridge Capital, Inc (LOAN)
US:NASDAQ Investor Relations:
manhattanbridgecapital.com/investor_relations.html
Company Research
Source: GlobeNewswire
GREAT NECK, N.Y., Feb. 27, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced that its Board of Directors has authorized a common stock repurchase plan allowing the buyback of up to 100,000 common shares in market or off-market transactions at prevailing prices over the next twelve months. The manner, timing and number of shares purchased will be at the Company’s discretion. Assaf Ran, Chairman of the Board and CEO, stated, “The Company and its Board have decided to approve this stock buyback program in order to be able to take advantage of unpredictable and volatile trading activities as occurred recently, and the Company may buy its own shares at what management believes could be significantly undervalued prices.” About Manhattan Bridge Capital, Inc. Manhattan Bridge Capital, Inc. offers short-term secured, non-banking loans (sometimes referred to as ‘‘hard money’’ loans) to real estate investors to fund their acquisition, renovation, rehabilitati
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News
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Investors in Manhattan Bridge Capital (NASDAQ:LOAN) have seen returns of 28% over the past year [Yahoo! Finance]Yahoo! Finance
- Manhattan Bridge Capital, Inc. (NASDAQ: LOAN) is now covered by analysts at StockNews.com. They set a "strong-buy" rating on the stock.MarketBeat
- Manhattan Bridge Capital, Inc. Declares Quarterly DividendGlobeNewswire