Manhattan Bridge Capital, Inc. Reports First Quarter 2020 Results
Manhattan Bridge Capital, Inc (LOAN)
US:NASDAQ Investor Relations:
manhattanbridgecapital.com/investor_relations.html
Company Research
Source: GlobeNewswire
GREAT NECK, N.Y., April 13, 2020 (GLOBE NEWSWIRE) -- Manhattan Bridge Capital, Inc. (Nasdaq: LOAN) announced today that net income for the three months ended March 31, 2020 was approximately $1,016,000, or $0.11 per basic and diluted share (based on approximately 9.7 million weighted-average outstanding common shares), versus approximately $1,121,000, or $0.12 per basic and diluted share (based on approximately 9.7 million weighted-average outstanding common shares) for the three months ended March 31, 2019, a decrease of $105,000, or 9.4%. This decrease is primarily attributable to the decrease in revenue and the increase in general and administrative expenses, offset by the decrease in interest expense due to lower LIBOR rates. Total revenues for the three months ended March 31, 2020 were approximately $1,711,000 compared to approximately $1,788,000 for the three months ended March 31, 2019, a decrease of $77,000, or 4.3%. The decrease in revenue was primarily attributable to low
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- 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