Manhattan Bridge Capital (LOAN)
Market Price (3/30/2026): $4.45 | Market Cap: $50.9 MilSector: Financials | Industry: Mortgage REITs
Manhattan Bridge Capital (LOAN)
Market Price (3/30/2026): $4.45Market Cap: $50.9 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 10.0% | Weak multi-year price returns2Y Excs Rtn is -12%, 3Y Excs Rtn is -51% | Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.5%, Rev Chg QQuarterly Revenue Change % is -9.2% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 71%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 71% | Key risksLOAN key risks include [1] a reliance on available funds to originate new loans and [2] the high geographic concentration of its loan portfolio in the New York metropolitan area. | |
| Low stock price volatilityVol 12M is 24% | ||
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 21%, Dividend Yield is 10%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 17%, FCF Yield is 10.0% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 71%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 71% |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Weak multi-year price returns2Y Excs Rtn is -12%, 3Y Excs Rtn is -51% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -3.5%, Rev Chg QQuarterly Revenue Change % is -9.2% |
| Key risksLOAN key risks include [1] a reliance on available funds to originate new loans and [2] the high geographic concentration of its loan portfolio in the New York metropolitan area. |
Qualitative Assessment
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Manhattan Bridge Capital (LOAN) stock has lost about 5% since 11/30/2025 because of the following key factors:
1. Dividend Reduction.
Manhattan Bridge Capital decreased its quarterly dividend from $0.115 per share (ex-date December 31, 2025) to $0.11 per share (ex-date April 8, 2026), representing a 4.35% reduction. This decrease in shareholder return can signal concerns about the company's future profitability or cash flow, negatively impacting investor sentiment.
2. Challenging Real Estate Lending Environment.
Operating as a real estate finance company, Manhattan Bridge Capital faced continued pressure from a high-interest rate environment on the real estate market. This macroeconomic factor contributed to a decrease in interest income, as reflected in earlier periods where total revenues declined by 11.6%, primarily due to lower interest income and a reduction in loans receivable. The challenging market conditions likely persisted into the specified period, affecting the company's core business.
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1. Dividend Reduction.
Manhattan Bridge Capital decreased its quarterly dividend from $0.115 per share (ex-date December 31, 2025) to $0.11 per share (ex-date April 8, 2026), representing a 4.35% reduction. This decrease in shareholder return can signal concerns about the company's future profitability or cash flow, negatively impacting investor sentiment.
2. Challenging Real Estate Lending Environment.
Operating as a real estate finance company, Manhattan Bridge Capital faced continued pressure from a high-interest rate environment on the real estate market. This macroeconomic factor contributed to a decrease in interest income, as reflected in earlier periods where total revenues declined by 11.6%, primarily due to lower interest income and a reduction in loans receivable. The challenging market conditions likely persisted into the specified period, affecting the company's core business.
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Stock Movement Drivers
Fundamental Drivers
The -3.4% change in LOAN stock from 11/30/2025 to 3/29/2026 was primarily driven by a -3.4% change in the company's P/E Multiple.| (LTM values as of) | 11302025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.60 | 4.45 | -3.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | 0.0% |
| Net Income Margin (%) | 74.0% | 74.0% | 0.0% |
| P/E Multiple | 9.9 | 9.6 | -3.4% |
| Shares Outstanding (Mil) | 11 | 11 | 0.0% |
| Cumulative Contribution | -3.4% |
Market Drivers
11/30/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LOAN | -3.4% | |
| Market (SPY) | -5.3% | 17.6% |
| Sector (XLF) | -10.0% | 11.6% |
Fundamental Drivers
The -12.3% change in LOAN stock from 8/31/2025 to 3/29/2026 was primarily driven by a -9.0% change in the company's P/E Multiple.| (LTM values as of) | 8312025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.07 | 4.45 | -12.3% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | -2.2% |
| Net Income Margin (%) | 75.1% | 74.0% | -1.4% |
| P/E Multiple | 10.6 | 9.6 | -9.0% |
| Shares Outstanding (Mil) | 11 | 11 | 0.0% |
| Cumulative Contribution | -12.3% |
Market Drivers
8/31/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LOAN | -12.3% | |
| Market (SPY) | 0.6% | 11.2% |
| Sector (XLF) | -10.8% | 21.9% |
Fundamental Drivers
The -13.0% change in LOAN stock from 2/28/2025 to 3/29/2026 was primarily driven by a -7.4% change in the company's P/E Multiple.| (LTM values as of) | 2282025 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.11 | 4.45 | -13.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | -3.5% |
| Net Income Margin (%) | 76.0% | 74.0% | -2.6% |
| P/E Multiple | 10.4 | 9.6 | -7.4% |
| Shares Outstanding (Mil) | 11 | 11 | 0.0% |
| Cumulative Contribution | -13.0% |
Market Drivers
2/28/2025 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LOAN | -13.0% | |
| Market (SPY) | 9.8% | 26.2% |
| Sector (XLF) | -7.1% | 29.7% |
Fundamental Drivers
The 3.7% change in LOAN stock from 2/28/2023 to 3/29/2026 was primarily driven by a 7.4% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 2282023 | 3292026 | Change |
|---|---|---|---|
| Stock Price ($) | 4.29 | 4.45 | 3.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7 | 7 | 7.4% |
| Net Income Margin (%) | 77.6% | 74.0% | -4.6% |
| P/E Multiple | 9.5 | 9.6 | 0.7% |
| Shares Outstanding (Mil) | 11 | 11 | 0.5% |
| Cumulative Contribution | 3.7% |
Market Drivers
2/28/2023 to 3/29/2026| Return | Correlation | |
|---|---|---|
| LOAN | 3.7% | |
| Market (SPY) | 69.4% | 14.5% |
| Sector (XLF) | 40.5% | 19.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LOAN Return | 14% | 6% | 2% | 22% | -9% | -6% | 28% |
| Peers Return | 7% | -25% | 2% | 1% | 7% | -7% | -17% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | -5% | 72% |
Monthly Win Rates [3] | |||||||
| LOAN Win Rate | 67% | 50% | 25% | 50% | 50% | 0% | |
| Peers Win Rate | 55% | 48% | 48% | 58% | 58% | 47% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 33% | |
Max Drawdowns [4] | |||||||
| LOAN Max Drawdown | -4% | -3% | -13% | -7% | -17% | -9% | |
| Peers Max Drawdown | -7% | -42% | -24% | -11% | -21% | -13% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -5% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: DX, TWO, IVR, RC, NLY.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 3/27/2026 (YTD)
How Low Can It Go
| Event | LOAN | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -45.6% | -25.4% |
| % Gain to Breakeven | 83.8% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -55.4% | -33.9% |
| % Gain to Breakeven | 124.3% | 51.3% |
| Time to Breakeven | 379 days | 148 days |
| 2018 Correction | ||
| % Loss | -34.9% | -19.8% |
| % Gain to Breakeven | 53.5% | 24.7% |
| Time to Breakeven | 337 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -70.6% | -56.8% |
| % Gain to Breakeven | 240.3% | 131.3% |
| Time to Breakeven | 1,756 days | 1,480 days |
Compare to DX, TWO, IVR, RC, NLY
In The Past
Manhattan Bridge Capital's stock fell -45.6% during the 2022 Inflation Shock from a high on 7/6/2021. A -45.6% loss requires a 83.8% gain to breakeven.
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About Manhattan Bridge Capital (LOAN)
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.
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Here are 1-3 brief analogies to describe Manhattan Bridge Capital (LOAN):
- Think of it as a highly specialized, smaller Starwood Property Trust (STWD), focusing on originating short-term, secured loans for real estate investors.
- It's like SoFi (SOFI) or Upstart (UPST), but exclusively providing quick, secured mortgage loans to real estate investors for property acquisitions and renovations.
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- First Mortgage Loans: Manhattan Bridge Capital provides short-term, secured loans to real estate investors for property acquisition, renovation, rehabilitation, or enhancement.
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Manhattan Bridge Capital (LOAN) primarily serves real estate investors rather than large, publicly traded companies. Given the nature of its short-term, secured, non-banking loans and the requirement for personal guarantees from borrower principals, its customers typically fall into the following categories:
- Individual Real Estate Investors and Small-Scale Developers: These customers include individuals or small business entities (e.g., LLCs, partnerships) who are actively involved in acquiring, renovating, rehabilitating, or enhancing residential and commercial properties. They seek short-term financing to fund the various stages of their real estate projects, from acquisition to improvement.
- Real Estate Businesses Needing Bridge Financing: This category encompasses various real estate entrepreneurs and small companies that require temporary, secured loans to bridge gaps in their funding. This might include capital for immediate property acquisitions, covering costs during renovation, or managing cash flow until a property is sold or a longer-term financing solution is secured.
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Assaf Ran, CEO and Chairman of the Board Mr. Ran is the founder of Manhattan Bridge Capital and has served as its Chief Executive Officer, President, and Chairman since its inception in 1989. He possesses 35 years of senior management experience leading both public and private businesses. Mr. Ran has successfully established several yellow page and other businesses from the ground up. Vanessa Kao, Chief Financial Officer Ms. Kao has been the Chief Financial Officer, Vice President, Treasurer, and Secretary of Manhattan Bridge Capital since rejoining the company in June 2011. She joined the board in November 2023. Previously, she served as Chief Financial Officer of Jewish Marketing Solutions LLC from January 2014 through April 2016, and has been a consultant to the firm since April 2016. From April 2006 through December 2013, she was the Chief Financial Officer of DAG Jewish Directories, Inc., and she also served as Assistant Chief Financial Officer for Manhattan Bridge Capital from July 2004 to April 2006. Michael Jackson, Member of the Board Mr. Jackson has been a member of the Board since July 2000. He has served as the Chief Financial Officer of Radius Global Market Research since May 2017. Prior to that, from March 2016 to April 2017, Mr. Jackson was the Chief Financial Officer and Executive Vice President of both Ethology, Inc. and Tallwave, LLC. From April 2007 through February 2016, he held the position of Chief Financial Officer and Executive Vice President at iCrossing, Inc., and from October 1999 to April 2007, he was Executive Vice President and Chief Financial Officer of AGENCY.COM. Lyron Bentovim, Member of the Board Mr. Bentovim has been a member of the Board since December 2008. He serves as a managing partner at Darklight Partners, a strategic advisor to small and mid-size public and private companies. His previous roles include Chief Operating Officer and Chief Financial Officer of Top Image Systems Ltd. (July 2014 - August 2015), and Chief Operating Officer and Chief Financial Officer of NIT Health Inc., as well as Chief Operating Officer, Chief Financial Officer, and Managing Director at Cabrillo Advisors LLC (March 2013 - July 2014). Mr. Bentovim also co-founded WebBrix, Inc., where he served as President and Chief Operating Officer. He has also been a senior engagement manager with strategy consultancies such as USWeb/CKS, the Mitchell Madison Group LLC, and McKinsey & Company Inc. Phillip Michals, Member of the Board Mr. Michals has been a member of the Board since rejoining in June 2019. Since 2018, he has been the Chief Executive Officer and Executive Chairman of A.G.P./Alliance Global Partners, an investment banking and wealth management firm. He is also a Co-Founder, Chairman of the Board, and Director of A.G.P. Canada. Since 1999, Mr. Michals has been a partner in RG Michals.AI Analysis | Feedback
The key risks to Manhattan Bridge Capital (LOAN) are primarily associated with the nature of its real estate lending business and its market focus:
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Credit Risk and Real Estate Market Downturns: As a real estate finance company, Manhattan Bridge Capital's core business involves originating, servicing, and managing a portfolio of first mortgage loans primarily secured by real estate. A significant risk stems from the potential for borrowers to default on their loans. While these loans are secured by real estate collateral and accompanied by personal guarantees, a downturn in the real estate markets in which the company operates (primarily the New York metropolitan area and Florida) could lead to a decrease in the value of this collateral. This could result in greater losses for the company if foreclosed properties cannot be sold for amounts sufficient to cover the outstanding loan balances. The success of their borrowers in property acquisition, renovation, rehabilitation, or development is also highly dependent on favorable real estate market conditions.
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Geographic Concentration Risk: Manhattan Bridge Capital focuses its lending activities on specific geographic regions, specifically the New York metropolitan area (including New Jersey and Connecticut) and Florida. This geographic concentration exposes the company to a higher degree of risk from adverse economic or real estate market conditions within these particular areas. Localized downturns, changes in regional regulations, or other events specific to these markets could disproportionately impact the value of its collateral and the ability of its borrowers to repay loans, leading to increased loan defaults and reduced profitability.
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Interest Rate Risk: As a lender providing short-term, non-banking loans, Manhattan Bridge Capital is susceptible to fluctuations in interest rates. Changes in prevailing interest rates can influence the demand for its loans, as higher rates may deter potential borrowers or increase the financial burden on existing ones, potentially leading to higher default rates. Additionally, if the company relies on variable-rate funding for its operations, rising interest rates could increase its cost of capital, thereby impacting its net interest margin and overall profitability. Bridge loans, which the company originates, often carry higher interest rates due to their higher-risk nature and shorter terms, meaning borrowers unable to secure permanent financing could incur substantial interest costs or face difficulty repaying.
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Manhattan Bridge Capital (symbol: LOAN) operates in the private lending market for real estate investors in the New York metropolitan area (including New Jersey and Connecticut) and Florida. The addressable markets for their main products or services are as follows:
- Connecticut: The approximate volume of private mortgage loans secured by investment real estate funded by private lenders in Connecticut for 2025 was approximately $627.5 million.
- New Jersey: The approximate volume of hard money loans secured by investment real estate in New Jersey funded by hard money lenders for the first three quarters of 2025 was approximately $2.21 billion.
- New York Metropolitan Area (specifically New York-Newark-Jersey City MSA): The approximate volume of private mortgage loans secured by investment real estate funded by private lenders for the first three quarters of 2025 was approximately $3.46 billion.
- Florida: Null
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Manhattan Bridge Capital, Inc. (LOAN) is expected to drive future revenue growth over the next 2-3 years through several key strategies centered on its core lending operations and market positioning. The primary drivers of revenue growth are anticipated to be: * Increased Loan Originations: Growth in the volume and value of new loans originated to real estate investors will be a direct driver of revenue. Recent reports indicate that a slowdown in new loan originations has negatively impacted revenue in some periods, highlighting the importance of a robust pipeline and successful loan deployments. Therefore, an acceleration in the number of short-term, secured, non-banking loans for property acquisition, renovation, rehabilitation, or enhancement will directly contribute to interest income and origination fees. * A Favorable Interest Rate Environment: While the company has shown resilience in high-interest rate environments by leveraging its low debt-to-equity ratio to charge higher interest on its portfolio, a more stable or moderately declining interest rate environment could stimulate broader real estate investment activity. Such an environment could lead to increased demand for Manhattan Bridge Capital's specialized loans, driving higher origination volumes. * Continued Penetration and Expansion within Existing Core Geographic Markets: Manhattan Bridge Capital operates in the New York metropolitan area (including New Jersey and Connecticut) and Florida. As a "leading Hard Money Lender" in these regions, continued focus on expanding its market share and strengthening its presence within these established areas, supported by its sales and marketing network and borrower relationships, is crucial for sustained revenue growth.AI Analysis | Feedback
Manhattan Bridge Capital (LOAN) has made the following capital allocation decisions over the last 3-5 years:Share Repurchases
- The Board of Directors authorized a common stock repurchase plan in November 2025, allowing the company to buy back up to 100,000 common shares over the subsequent twelve months at prevailing market prices.
- During the three months ended June 30, 2024, the company reported purchases of treasury shares amounting to $9,800.
- For the six months ended June 30, 2023, treasury share purchases totaled $164,806.
Share Issuance
No significant public common share issuance programs or large-scale equity offerings by Manhattan Bridge Capital have been specifically identified within the last 3-5 years based on the available information.Inbound Investments
- In February 2026, Manhattan Bridge Capital amended its credit and security agreement, increasing its revolving credit note with Webster Bank from $15,000,000 to $22,500,000, enhancing its borrowing capacity.
- In November 2025, MBC Funding II Corp., a subsidiary, announced the redemption of $6,000,000 in 6.00% Senior Secured Notes due April 22, 2026, which represents a repayment of a debt facility rather than an inbound investment.
Outbound Investments
Manhattan Bridge Capital’s primary business is originating, servicing, and managing a portfolio of first mortgage loans to real estate investors, rather than making strategic investments in other companies. No significant strategic investments in other companies have been identified.Capital Expenditures
- For the three months ended June 30, 2024, the company reported purchases of fixed assets totaling $1,191.
- Purchases of fixed assets for the six months ended June 30, 2023, amounted to $5,085.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Is Manhattan Bridge Capital Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to LOAN.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 02282026 | NDAQ | Nasdaq | Insider | Insider Buys 45DStrong Insider BuyingCompanies with multiple insider buys in the last 45 days | 0.0% | 0.0% | 0.0% |
| 02272026 | JEF | Jefferies Financial | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 0.0% | 0.0% | 0.0% |
| 02272026 | ALAB | Astera Labs | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | PAYO | Payoneer Global | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
| 02272026 | FOUR | Shift4 Payments | Dip Buy | DB | FCF Yield | Low D/EDip Buy with High Free Cash Flow YieldBuying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap | 0.0% | 0.0% | 0.0% |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.46 |
| Mkt Cap | 0.9 |
| Rev LTM | 117 |
| Op Inc LTM | - |
| FCF LTM | 63 |
| FCF 3Y Avg | 129 |
| CFO LTM | 139 |
| CFO 3Y Avg | 202 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 23.6% |
| Rev Chg 3Y Avg | 103.6% |
| Rev Chg Q | 46.0% |
| QoQ Delta Rev Chg LTM | 14.6% |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 71.0% |
| CFO/Rev 3Y Avg | 245.3% |
| FCF/Rev LTM | 32.5% |
| FCF/Rev 3Y Avg | 81.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 0.9 |
| P/S | 6.4 |
| P/EBIT | - |
| P/E | 5.7 |
| P/CFO | 11.6 |
| Total Yield | 15.4% |
| Dividend Yield | 5.2% |
| FCF Yield 3Y Avg | 11.5% |
| D/E | 0.7 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -8.9% |
| 3M Rtn | -7.0% |
| 6M Rtn | 6.9% |
| 12M Rtn | 3.5% |
| 3Y Rtn | 22.3% |
| 1M Excs Rtn | 0.6% |
| 3M Excs Rtn | 0.7% |
| 6M Excs Rtn | 11.3% |
| 12M Excs Rtn | -10.2% |
| 3Y Excs Rtn | -36.8% |
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Originating, servicing, and managing short-term secured commercial loans to real estate investors | 10 | ||||
| Single Segment | 7 | 6 | 6 | 6 | |
| Total | 10 | 7 | 6 | 6 | 6 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Originating, servicing, and managing short-term secured commercial loans to real estate investors | 5 | ||||
| Total | 5 |
Price Behavior
Price Behavior
| Market Price | $4.45 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 05/13/1999 | |
| Distance from 52W High | -18.4% | |
| 50 Days | 200 Days | |
| DMA Price | $4.43 | $4.84 |
| DMA Trend | down | down |
| Distance from DMA | 0.4% | -8.0% |
| 3M | 1YR | |
| Volatility | 17.2% | 24.1% |
| Downside Capture | 0.17 | 0.37 |
| Upside Capture | -5.40 | 24.02 |
| Correlation (SPY) | 24.9% | 27.6% |
LOAN Betas & Captures as of 2/28/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.28 | 0.30 | 0.19 | 0.12 | 0.32 | 0.22 |
| Up Beta | 0.22 | 0.38 | 0.48 | 0.29 | 0.27 | 0.20 |
| Down Beta | 0.50 | 0.50 | 0.31 | -0.02 | 0.35 | 0.25 |
| Up Capture | -0% | -10% | -9% | -7% | 15% | 5% |
| Bmk +ve Days | 9 | 20 | 31 | 70 | 142 | 431 |
| Stock +ve Days | 8 | 16 | 24 | 53 | 117 | 357 |
| Down Capture | 49% | 49% | 24% | 40% | 57% | 43% |
| Bmk -ve Days | 12 | 21 | 30 | 54 | 109 | 320 |
| Stock -ve Days | 9 | 19 | 30 | 62 | 120 | 350 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOAN | |
|---|---|---|---|---|
| LOAN | -16.0% | 24.0% | -0.78 | - |
| Sector ETF (XLF) | -4.0% | 19.2% | -0.33 | 31.0% |
| Equity (SPY) | 14.5% | 18.9% | 0.59 | 27.6% |
| Gold (GLD) | 50.2% | 27.7% | 1.46 | 10.4% |
| Commodities (DBC) | 17.8% | 17.6% | 0.85 | 17.4% |
| Real Estate (VNQ) | 0.4% | 16.4% | -0.15 | 33.2% |
| Bitcoin (BTCUSD) | -23.7% | 44.2% | -0.49 | 12.0% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOAN | |
|---|---|---|---|---|
| LOAN | 2.9% | 26.7% | 0.11 | - |
| Sector ETF (XLF) | 9.1% | 18.7% | 0.37 | 19.3% |
| Equity (SPY) | 11.8% | 17.0% | 0.54 | 16.7% |
| Gold (GLD) | 20.7% | 17.7% | 0.96 | 8.1% |
| Commodities (DBC) | 11.6% | 18.9% | 0.50 | 9.8% |
| Real Estate (VNQ) | 3.0% | 18.8% | 0.07 | 16.7% |
| Bitcoin (BTCUSD) | 4.0% | 56.6% | 0.29 | 9.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LOAN | |
|---|---|---|---|---|
| LOAN | 9.0% | 34.4% | 0.34 | - |
| Sector ETF (XLF) | 12.0% | 22.1% | 0.50 | 27.7% |
| Equity (SPY) | 14.0% | 17.9% | 0.67 | 24.1% |
| Gold (GLD) | 13.3% | 15.8% | 0.70 | 3.5% |
| Commodities (DBC) | 8.2% | 17.6% | 0.39 | 12.4% |
| Real Estate (VNQ) | 4.7% | 20.7% | 0.19 | 28.0% |
| Bitcoin (BTCUSD) | 66.4% | 66.8% | 1.06 | 8.6% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 10/24/2025 | 10-Q |
| 06/30/2025 | 07/22/2025 | 10-Q |
| 03/31/2025 | 04/24/2025 | 10-Q |
| 12/31/2024 | 03/12/2025 | 10-K |
| 09/30/2024 | 10/23/2024 | 10-Q |
| 06/30/2024 | 07/22/2024 | 10-Q |
| 03/31/2024 | 04/23/2024 | 10-Q |
| 12/31/2023 | 03/11/2024 | 10-K |
| 09/30/2023 | 10/24/2023 | 10-Q |
| 06/30/2023 | 07/20/2023 | 10-Q |
| 03/31/2023 | 04/19/2023 | 10-Q |
| 12/31/2022 | 03/10/2023 | 10-K |
| 09/30/2022 | 10/21/2022 | 10-Q |
| 06/30/2022 | 07/22/2022 | 10-Q |
| 03/31/2022 | 04/14/2022 | 10-Q |
| 12/31/2021 | 03/11/2022 | 10-K |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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