Manhattan Bridge Capital Inc

Manhattan Bridge Capital Inc (LOAN) News & Events

$3.340

+0.030 (+0.91%)At close

LOAN News

LOAN Events

10/9 07:30

Manhattan Bridge Capital Approves Share Buyback Increase to 250,000 Shares

Manhattan Bridge Capita announced that its board of directors has approved an increase in the aggregate number of shares authorized for repurchase under its existing common share repurchase program from 100,000 to 250,000 common shares and extended the program for an additional twelve months.

4/16 07:30

Q1 Revenue Declines to $2.07M from $2.27M Last Year

Reports Q1 revenue $2.07M vs $2.27M last year.

10/24 16:39

Manhattan Bridge Capital announces Q3 EPS of 11 cents, down from 12 cents a year ago.

Reports Q3 revenue $2.04M vs. $2.31M last year. Assaf Ran, chairman of the board and CEO of the company, stated, "The good news is that paid off loans during the third quarter exceeded our average, reflecting the strength and high quality of our loans even in rough times. However, the slow real estate markets in the geographic areas in which we operate causes longer time to redevelopment. Thus the decline in revenue and income. We continue to work tirelessly to deploy the available funds into safe and secure loans."

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