Manhattan Bridge Capital, Inc. Reveals Plan to Repurchase Up to 100,000 Common Shares
Stock Repurchase Plan: Manhattan Bridge Capital, Inc. has authorized a plan to repurchase up to 100,000 common shares over the next twelve months, citing a significant decline in stock price as an opportunity.
Management's Confidence: CEO Assaf Ran expressed confidence in the company's future prospects, highlighting low leverage and strong management commitment as reasons for the buyback decision.
Business Overview: The company specializes in providing short-term secured loans to real estate investors in the New York metropolitan area and Florida, focusing on property acquisition and improvement.
Forward-Looking Statements: The press release includes forward-looking statements that may involve risks and uncertainties, cautioning investors about potential discrepancies between projected and actual results.
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Rocket Companies Stock Rises 9.65% to $23.29 Amid Mortgage-Bond Purchase Proposal
- Stock Surge: Rocket Companies' stock rose 9.65% to $23.29 at Friday's close, reflecting market optimism regarding President Trump's proposed $200 billion mortgage-bond purchase plan, which could alleviate pressures from high home prices.
- Volume Spike: Trading volume reached 69.9 million shares, about 111% above the three-month average of 33.4 million shares, indicating strong investor interest in the company's future prospects, potentially driving more capital inflow.
- Market Reaction: Following Trump's policy proposal, Rocket Companies hit a new 52-week high, suggesting heightened expectations for lower mortgage rates that could stimulate mortgage originations and drive business growth.
- Analyst Ratings: Barclays and Jefferies set price targets of $22 and $25 respectively; while these ratings do not directly influence investor decisions, they provide context for stock price movements and reflect market confidence in Rocket Companies.

Rocket Companies Stock Rises 9.65% to $23.29 Amid Mortgage-Bond Purchase Proposal
- Stock Surge: Rocket Companies' stock rose 9.65% to $23.29 on Friday, reflecting market optimism regarding President Trump's proposed $200 billion mortgage-bond purchase plan, which could alleviate the tight housing market.
- Volume Spike: Trading volume reached 69.9 million shares, about 111% above the three-month average of 33.4 million shares, indicating strong investor interest in the company's future prospects, potentially driving more capital inflow.
- Industry Response: Peers like PennyMac Financial Services and Manhattan Bridge Capital saw increases of 6.41% and 0.66%, respectively, suggesting that optimism surrounding potential policy support for housing credit is spreading, which may boost overall industry recovery.
- Analyst Ratings: Barclays and Jefferies set price targets of $22 and $25, respectively; while these data points may not be actionable for individual investors, they provide context for stock price movements, indicating sustained market attention on Rocket Companies.






