Manhattan Bridge Capital Increases Share Buyback Limit to 250K Shares
Manhattan Bridge Capital (LOAN) has increased its share repurchase limit under the existing buyback program from 100,000 shares to 250,000 common shares. The company also extended the duration of the buyback program by an additional 12 months. This move signals confidence in the company's financial health and stock valuation, as increased share repurchases can be a sign that management believes its shares are undervalued. Manhattan Bridge Capital reported GAAP earnings per share (EPS) of $0.10 and revenue of $2.04 million recently.
Tickers: $LOAN
Topics: capital management share buyback