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LOAN Stock Analysis: Top Micro-Cap Buy (Score 58.2/100) | Blank Capital Research | Blank Capital Research
LOAN
MANHATTAN BRIDGE CAPITAL, INC
$4.42
+0.01 (+0.23%)
Score58.2
Data as of Apr 6, 2026
LOAN
MANHATTAN BRIDGE CAPITAL, INC
FinancialsTrading
$4.42
+0.01 (+0.23%)
Open $4.44High $4.45Low $4.41Prev $4.41Vol ---52W: $4.25 – $6.05
Buy
Composite score
01234567890123456789.0123456789
Global rank
#103
Percentile
Top 2%
Business quality
78th
percentile
Exceptional capital efficiency and structural profitability. This enterprise generates superior returns on invested capital compared to industry peers.
Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 77.5GRADE B+
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
12.5%
Sector: 8.5%
Dividend Analysis audit
HIGH YIELD
8.56%
Trailing Yield
$8.56
Per $100 Invested
Attractive yield supported by strong profitability.
Est. Payout Ratio
87%HIGH
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, MANHATTAN BRIDGE CAPITAL, INC (LOAN) receives a "Buy" rating with a composite score of 58.2/100, ranked #103 out of 4446 stocks. Key factor scores: Quality 78/100, Value 72/100, Momentum 29/100. This is quantitative analysis only — not investment advice.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does MANHATTAN BRIDGE CAPITAL, INC Do?
Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida. The company's loans are primarily secured by collateral consisting of real estate and accompanied by personal guarantees from the principals of the borrowers. 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. MANHATTAN BRIDGE CAPITAL, INC (LOAN) is classified as a micro-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO Assaf N. Ran and employs approximately 6 people, headquartered in GREAT NECK,, New York. With a market capitalization of $52M, LOAN is one of the notable companies in the Financials sector.
As of April 2026, MANHATTAN BRIDGE CAPITAL, INC receives a Buy rating with a composite score of 58.2/100 and 4 out of 5 stars from the Blank Capital Research quantitative model.LOAN ranks #103 out of 4,446 stocks in our coverage universe. Within the Financials sector, MANHATTAN BRIDGE CAPITAL, INC ranks #48 of 891 stocks, placing it in the top 10% of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
LOAN Stock Price and 52-Week Range
MANHATTAN BRIDGE CAPITAL, INC (LOAN) currently trades at $4.42. The stock gained $0.01 (0.2%) in the most recent trading session. The 52-week high for LOAN is $6.05, which means the stock is currently trading -26.9% from its annual peak. The 52-week low is $4.25, putting the stock 4.0% above its annual trough. Recent trading volume was 8K shares, suggesting relatively thin trading activity.
Is LOAN Overvalued or Undervalued? — Valuation Analysis
MANHATTAN BRIDGE CAPITAL, INC (LOAN) carries a value factor score of 72/100 in the Blank Capital model, suggesting the stock trades at a meaningful discount to its fundamental earning power. The trailing price-to-earnings ratio is 10.18x, compared to the Financials sector average of 14.88x — a discount of 32%. The price-to-book ratio stands at 1.27x, versus the sector average of 1.22x. The price-to-sales ratio is 6.11x, compared to 0.90x for the average Financials stock. On an enterprise value basis, LOAN trades at 10.21x EV/EBITDA, versus 3.26x for the sector.
Based on these multiples, MANHATTAN BRIDGE CAPITAL, INC appears attractively valued relative to both its sector peers and the broader market. Value-oriented investors may find the current entry point compelling, particularly if the company's fundamental quality metrics also score well.
MANHATTAN BRIDGE CAPITAL, INC (LOAN) earns a quality factor score of 78/100, reflecting elite profitability and capital efficiency that places it among the highest-quality businesses in the market. The return on equity (ROE) is 12.5%, compared to the Financials sector average of 8.5%, which is within a healthy range. Return on assets (ROA) comes in at 8.6% versus the sector average of 1.2%.
On a margin basis, MANHATTAN BRIDGE CAPITAL, INC reports gross margins of 0.0%. The operating margin is 59.8% (sector: 21.8%). Net profit margin stands at 60.0%, versus 17.7% for the average Financials stock. Revenue growth is running at -16.7% on a trailing basis, compared to 9.4% for the sector. These metrics collectively paint a picture of a highly profitable business with durable competitive advantages.
LOAN Debt, Balance Sheet, and Financial Health
MANHATTAN BRIDGE CAPITAL, INC has a debt-to-equity ratio of 45.0%, compared to the Financials sector average of 121.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 3.24x, indicating strong short-term liquidity. Total debt on the balance sheet is $15M. Cash and equivalents stand at $186,435.
LOAN has a beta of 0.36, meaning it is less volatile than the S&P 500, making it a relatively defensive holding. The stability factor score for MANHATTAN BRIDGE CAPITAL, INC is 84/100, indicating low-volatility characteristics and consistent price behavior that appeals to risk-averse investors.
MANHATTAN BRIDGE CAPITAL, INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, MANHATTAN BRIDGE CAPITAL, INC reported revenue of $9M and earnings per share (EPS) of $0.45. Net income for the quarter was $5M. Gross margin was 0.0%. Operating income came in at $5M.
In FY 2025, MANHATTAN BRIDGE CAPITAL, INC reported revenue of $9M and earnings per share (EPS) of $0.45. Net income for the quarter was $5M. Revenue grew -10.6% year-over-year compared to FY 2024. Operating income came in at $5M.
In Q3 2025, MANHATTAN BRIDGE CAPITAL, INC reported revenue of $2M and earnings per share (EPS) of $0.11. Net income for the quarter was $1M. Revenue grew -12.0% year-over-year compared to Q3 2024. Operating income came in at $1M.
In Q2 2025, MANHATTAN BRIDGE CAPITAL, INC reported revenue of $2M and earnings per share (EPS) of $0.12. Net income for the quarter was $1M. Revenue grew -3.6% year-over-year compared to Q2 2024. Operating income came in at $1M.
Over the past 8 quarters, MANHATTAN BRIDGE CAPITAL, INC has demonstrated a growth trajectory, with revenue expanding from $2M to $9M. Investors analyzing LOAN stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
LOAN Dividend Yield and Income Analysis
MANHATTAN BRIDGE CAPITAL, INC (LOAN) currently pays a dividend yield of 8.6%. At this yield, a $10,000 investment in LOAN stock would generate approximately $$856.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning LOAN offers above-average income for its sector. With a net margin of 60.0%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
LOAN Momentum and Technical Analysis Profile
MANHATTAN BRIDGE CAPITAL, INC (LOAN) has a momentum factor score of 29/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 37/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 47/100 reflects moderate short selling activity.
LOAN vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing LOAN against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full LOAN vs S&P 500 (SPY) comparison to assess how MANHATTAN BRIDGE CAPITAL, INC stacks up against the broader market across all factor dimensions.
LOAN Next Earnings Date
No upcoming earnings date has been announced for MANHATTAN BRIDGE CAPITAL, INC (LOAN) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy LOAN? — Investment Thesis Summary
The bull case for MANHATTAN BRIDGE CAPITAL, INC rests on several quantitative strengths. The quality score of 78/100 indicates above-average profitability and business fundamentals. The value score of 72/100 suggests attractive pricing relative to fundamentals. Momentum is weak at 29/100, a headwind for near-term performance. Low volatility (stability score 84/100) reduces downside risk.
In summary, MANHATTAN BRIDGE CAPITAL, INC (LOAN) earns a Buy rating with a composite score of 58.2/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on LOAN stock.
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Institutional Research Dossier
MANHATTAN BRIDGE CAPITAL, INC (LOAN) Deep Dive Analysis
Published on March 24, 2026
Action RatingBuy
Sections
Executive Summary
We maintain our Hold rating on Manhattan Bridge Capital (LOAN). The company's high profitability and strong operating margins are attractive, as evidenced by its Quality score of 60/100. However, its relatively high valuation compared to the sector, coupled with declining revenue growth, tempers our enthusiasm. The company's reliance on short-term, secured loans in a concentrated geographic area introduces risks that warrant a cautious approach.
While LOAN exhibits impressive financial stability and generates substantial free cash flow, its premium valuation and negative revenue growth raise concerns about future performance. The current market price appears to reflect the company's historical profitability, but may not fully account for potential headwinds in the real estate lending market. Investors should carefully weigh the company's strengths against its vulnerabilities before considering an investment.
Business Strategy & Overview
Manhattan Bridge Capital operates as a real estate finance company, focusing on originating, servicing, and managing a portfolio of first mortgage loans. Its primary business involves providing short-term, secured, non-banking loans to real estate investors. These loans are typically used to finance the acquisition, renovation, rehabilitation, or enhancement of properties. The company concentrates its lending activities in the New York metropolitan area, including New Jersey and Connecticut, as well as in Florida. This geographic concentration exposes the company to regional economic fluctuations and real estate market conditions.
The company's loans are secured by real estate collateral and are often accompanied by personal guarantees from the borrowers' principals. This collateralization strategy aims to mitigate credit risk. However, the effectiveness of this strategy depends on the quality of the underlying real estate and the enforceability of the personal guarantees. Manhattan Bridge Capital operates as a real estate investment trust (REIT), which requires it to distribute at least 90% of its taxable income to stockholders to avoid federal corporate income taxes. This distribution requirement can limit the company's ability to reinvest earnings for growth.
Manhattan Bridge Capital's business model is predicated on identifying and serving a niche market of real estate investors who require short-term financing that traditional banks may be unwilling or unable to provide. This niche focus allows the company to charge higher interest rates and fees, contributing to its high operating margins. However, it also exposes the company to increased competition from other non-bank lenders and private equity firms that may target the same market segment. The company's success depends on its ability to maintain its underwriting standards, manage its loan portfolio effectively, and adapt to changing market conditions.
The company's strategic positioning within the real estate finance industry is that of a specialized lender catering to a specific segment of the market. This specialization allows it to develop expertise in underwriting and managing short-term real estate loans. However, it also limits its diversification and makes it more vulnerable to adverse developments in the real estate sector. The company's future growth prospects depend on its ability to expand its lending activities into new geographic markets or to offer new types of loan products. However, any expansion efforts would need to be carefully managed to avoid compromising the company's underwriting standards and risk management practices.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
-16.7%
Sector: 9.4%
-278% VS SCTR
Economic Moat Analysis
Manhattan Bridge Capital's economic moat is likely narrow. While the company operates in a specialized niche of short-term real estate lending, the barriers to entry are not insurmountable. The company's primary competitive advantage stems from its expertise in underwriting and managing these types of loans, as well as its established relationships with real estate investors in its target markets. However, these advantages are not necessarily sustainable in the long run.
The company does not appear to possess significant network effects. Its business model does not rely on attracting a large network of borrowers or lenders. Instead, it focuses on originating and managing individual loans on a case-by-case basis. The company's switching costs are also relatively low. Borrowers can easily switch to other lenders if they offer more favorable terms or better service. Similarly, investors can easily switch to other investment opportunities if they offer higher returns or lower risk.
Manhattan Bridge Capital's intangible assets, such as its brand name and reputation, may provide a modest competitive advantage. However, these assets are not particularly strong or well-established. The company's cost advantages are also limited. While it may be able to operate more efficiently than some of its competitors, it does not have a significant cost advantage that would allow it to consistently undercut their prices. The company's efficient scale is also not a major factor. The market for short-term real estate loans is large enough to support multiple competitors, and there are no significant economies of scale that would favor a single dominant player.
The company's focus on secured lending mitigates some risk, but the quality of the collateral and the enforceability of guarantees are crucial. A downturn in the real estate market could erode the value of the collateral, making it more difficult for the company to recover its loans. Overall, while Manhattan Bridge Capital has carved out a niche for itself in the real estate finance industry, its competitive advantages are not strong enough to warrant a wide moat rating. The company's narrow moat is vulnerable to erosion from increased competition, changing market conditions, and adverse developments in the real estate sector.
Financial Health & Profitability
Manhattan Bridge Capital's financial health presents a mixed picture. The company exhibits strong profitability, with a net margin of 60.0% compared to the sector average of 17.8%. Its operating margin of 59.8% also significantly exceeds the sector average of 22.0%. The company's return on equity (ROE) of 12.4% is also higher than the sector average of 8.5%, indicating efficient use of shareholder equity. However, the company's revenue growth has been negative, with a TTM revenue decline of 16.7% compared to the sector average of 9.3% growth. This decline raises concerns about the company's ability to sustain its profitability in the long run.
The company's balance sheet appears to be relatively healthy. Its current ratio of 3.60 indicates strong liquidity, suggesting that it has ample current assets to cover its current liabilities. The company's debt-to-equity ratio of 38.00 is significantly lower than the sector average of 115.00, indicating a conservative capital structure. However, the company's total debt of $15.06 million should be monitored to ensure that it does not become excessive. The company's cash position of $186,435 is relatively low, which could limit its flexibility to pursue growth opportunities or to weather unexpected financial challenges.
Analyzing the quarterly financial history reveals a trend of declining revenue. Revenue has decreased from $2.57 million in Q1 FY2024 to $2.04 million in Q3 FY2025. Net income has also declined from $1.48 million in Q1 FY2024 to $1.20 million in Q3 FY2025. Despite the revenue and net income declines, the company's operating margin has remained relatively stable, hovering around 60%. This suggests that the company has been able to maintain its profitability by controlling its operating expenses. However, the continued revenue decline is a cause for concern and warrants further investigation.
The company's free cash flow (FCF) of $11.20 million is a positive sign, indicating that it is generating substantial cash from its operations. However, the lack of quarterly FCF data makes it difficult to assess the consistency of its cash flow generation. Overall, Manhattan Bridge Capital's financial health is characterized by strong profitability and a conservative balance sheet, but its declining revenue growth is a significant concern. Investors should closely monitor the company's revenue trends and its ability to generate sustainable cash flow.
Valuation Assessment
Manhattan Bridge Capital's valuation appears stretched relative to its sector peers. The company's price-to-earnings (P/E) ratio of 38.6x is significantly higher than the sector average of 15.5x. This suggests that the market is pricing the company at a premium to its earnings. The company's enterprise value-to-EBITDA (EV/EBITDA) ratio of 10.1x is also higher than the sector average of 3.5x, further indicating a premium valuation. The high valuation may be justified by the company's strong profitability and high operating margins. However, it also reflects the market's expectations for future growth, which may be difficult to achieve given the company's recent revenue decline.
The company's free cash flow yield cannot be accurately assessed without knowing the market capitalization used to calculate the provided FCF. However, given the company's market cap of $48.50 million and FCF of $11.20 million, the FCF yield is substantial. This suggests that the company is generating a significant amount of cash relative to its market value. However, investors should be cautious about relying solely on FCF yield, as it can be influenced by accounting practices and one-time events.
The company's valuation is also influenced by its status as a REIT. REITs are typically valued based on their dividend yields, as they are required to distribute a significant portion of their earnings to shareholders. However, the provided data does not include information about the company's dividend yield. Without this information, it is difficult to fully assess the company's valuation relative to other REITs. The company's valuation should also be considered in the context of its growth prospects. Given the company's recent revenue decline, it is unlikely that it will be able to sustain its high valuation in the long run unless it can find a way to reignite growth.
Overall, Manhattan Bridge Capital's valuation appears to be expensive relative to its sector peers. While the company's strong profitability and high operating margins may justify a premium valuation, its declining revenue growth and lack of dividend yield data raise concerns about its ability to sustain its current market price. Investors should carefully consider the company's valuation in the context of its growth prospects and its risk profile before making an investment decision.
Risk & Uncertainty
Manhattan Bridge Capital faces several specific risks that could negatively impact its business and financial performance. One of the most significant risks is its concentration in the New York metropolitan area and Florida. A downturn in the real estate market in these regions could lead to increased loan defaults and reduced profitability. The company's reliance on short-term loans also exposes it to interest rate risk. Rising interest rates could increase the cost of borrowing for its customers, leading to decreased demand for its loans. The company's business model also depends on its ability to maintain its underwriting standards. A relaxation of underwriting standards could lead to increased loan defaults and reduced profitability.
Competition from other non-bank lenders and private equity firms is another significant risk. These competitors may offer more favorable terms or better service, leading to a loss of market share for Manhattan Bridge Capital. The company's relatively small size also makes it more vulnerable to adverse economic conditions and regulatory changes. The company's status as a REIT also introduces certain risks. The requirement to distribute at least 90% of its taxable income to shareholders limits its ability to reinvest earnings for growth. Changes in tax laws could also negatively impact the company's profitability.
The company's reliance on personal guarantees from the borrowers' principals is another risk factor. The enforceability of these guarantees may be limited, and the value of the guarantees may be insufficient to cover the outstanding loan balance in the event of a default. The company's loan portfolio is also subject to credit risk. Borrowers may default on their loans due to financial difficulties or other reasons. The company's ability to recover its loans in the event of a default depends on the value of the underlying collateral and the effectiveness of its collection efforts.
Bulls Say / Bears Say
The Bull Case
BULL VIEWManhattan Bridge Capital's high operating margins and strong profitability demonstrate its efficient business model and ability to generate substantial returns.
BULL VIEWThe company's conservative balance sheet, with a low debt-to-equity ratio, provides financial flexibility and reduces its vulnerability to economic downturns.
BULL VIEWThe company's focus on secured, short-term loans in a niche market allows it to command higher interest rates and maintain a competitive advantage.
The Bear Case
BEAR VIEWManhattan Bridge Capital's declining revenue growth signals potential challenges in its core business and raises concerns about its long-term sustainability.
BEAR VIEWThe company's high valuation, as evidenced by its elevated P/E and EV/EBITDA ratios, suggests that the stock is overvalued and may be due for a correction.
BEAR VIEWThe company's geographic concentration in the New York metropolitan area and Florida exposes it to significant regional economic and real estate market risks.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score LOAN and 4,400+ other equities.
MANHATTAN BRIDGE CAPITAL, INC exhibits a 191% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
8.6%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
59.8%
Sector: 21.8%
Net Margin
Bottom-line profitability
60.0%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta+245%
Income Projection audit
A $10,000 investment would generate approximately $856 annually in dividends at the current trailing rate.
