Manhattan Bridge Capital, Inc. (Symbol: LOAN) traded as low as $3.97 per share on Tuesday, undercutting the $3.99 per-share price that the company’s president and CEO, Assaf Ran, paid for 8,000 shares on July 28, according to Nasdaq. Ran’s purchase was worth $31,920.00. The stock was down about 1.2% on the day.
The gap is small, but it matters to a specific kind of investor: those who treat insider purchases as a signal of what management expects. That logic holds that an executive buying shares on the open market with personal cash would only do so expecting the position to appreciate. At $3.97, a buyer can establish a cost basis slightly cheaper than the CEO’s.
Also read: Larry Ellison Drops $7.5B Oracle Stock Sale as Shares Fall 22% This Year
Key facts
- Assaf Ran, the president and CEO of Manhattan Bridge Capital, bought 8,000 LOAN shares on July 28, 2026 at $3.99 per share.
- That purchase totaled $31,920.00 and is the only insider buy recorded in the last six months.
- LOAN shares traded as low as $3.97 on Tuesday and were down roughly 1.2%.
- The 52-week range runs from $3.90 at the low to $5.80 at the high, against a last trade of $3.97.
- The annualized dividend is $0.44 per share, paid quarterly, with an upcoming ex-date of 10/08/2026.
What the chart shows
The one-year performance chart tracked against LOAN’s 200-day moving average puts the current price near the bottom of its 52-week band rather than the middle. The $3.97 last trade sits just seven cents above the $3.90 annual low and well below the $5.80 high.
Nasdaq published a table of insider buying over the past six months, and it contains a single row: Ran’s July 28 transaction. There were no other purchases by executives or directors in that window.
Also read: Lean Hog Futures Edge Higher in Late July as Export Sales Hit Six-Week Low
The dividend angle
LOAN’s annualized payout is $0.44 per share, distributed in quarterly installments. The most recent dividend carries an ex-date of 10/08/2026. At recent prices the source describes the annualized yield as approximately 10.9%.
A yield that high invites a question about sustainability, which is why the report points to a long-term dividend history chart as a way of judging whether the current payout rate is likely to be maintained. Income-focused investors tend to weigh that record alongside the insider activity rather than in isolation.
Why it matters
For holders, the practical point is that the company’s top executive is now sitting on a small unrealized loss on his July purchase, at least at the intraday low of $3.97. That does not by itself change anything about the business, but it does remove the usual talking point that insiders bought lower than the market. Anyone using insider buying as a screening signal has to compare the current quote against $3.99 rather than assume the executive is still ahead.
The wider context is that insider signals are among the most closely watched — and most heavily caveated — data points in small-cap investing. A single $31,920.00 buy from one executive is a narrow basis for any conclusion.
What to watch
The next scheduled data point is the dividend ex-date of 10/08/2026, which will show whether the payout stays at the current quarterly rate. Continued trading near the $3.90 52-week low, or a move back above the CEO’s $3.99 cost basis, would give the insider-buy signal more or less weight.
Nothing here is financial advice, and small-cap stock prices are volatile and can move sharply in either direction.
Reported by nasdaq.com.
