In This Article:
Key Insights
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Manhattan Bridge Capital to hold its Annual General Meeting on 20th of June
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Salary of US$350.0k is part of CEO Assaf Ran's total remuneration
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The overall pay is 53% below the industry average
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Manhattan Bridge Capital's three-year loss to shareholders was 5.1% while its EPS grew by 3.5% over the past three years
Performance at Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) has been rather uninspiring recently and shareholders may be wondering how CEO Assaf Ran plans to fix this. One way they can exercise their influence on management is through voting on resolutions, such as executive remuneration at the next AGM, coming up on 20th of June. Setting appropriate executive remuneration to align with the interests of shareholders may also be a way to influence the company performance in the long run. In our opinion, CEO compensation does not look excessive and we discuss why.
See our latest analysis for Manhattan Bridge Capital
How Does Total Compensation For Assaf Ran Compare With Other Companies In The Industry?
According to our data, Manhattan Bridge Capital, Inc. has a market capitalization of US$58m, and paid its CEO total annual compensation worth US$529k over the year to December 2023. That's a notable increase of 41% on last year. In particular, the salary of US$350.0k, makes up a huge portion of the total compensation being paid to the CEO.
For comparison, other companies in the American Mortgage REITs industry with market capitalizations below US$200m, reported a median total CEO compensation of US$1.1m. This suggests that Assaf Ran is paid below the industry median. Furthermore, Assaf Ran directly owns US$13m worth of shares in the company, implying that they are deeply invested in the company's success.
Component | 2023 | 2022 | Proportion (2023) |
Salary | US$350k | US$329k | 66% |
Other | US$179k | US$46k | 34% |
Total Compensation | US$529k | US$375k | 100% |
Talking in terms of the industry, salary represented approximately 14% of total compensation out of all the companies we analyzed, while other remuneration made up 86% of the pie. Manhattan Bridge Capital pays out 66% of remuneration in the form of a salary, significantly higher than the industry average. If total compensation veers towards salary, it suggests that the variable portion - which is generally tied to performance, is lower.
A Look at Manhattan Bridge Capital, Inc.'s Growth Numbers
Manhattan Bridge Capital, Inc.'s earnings per share (EPS) grew 3.5% per year over the last three years. Its revenue is up 10% over the last year.
We would argue that the modest growth in revenue is a notable positive. And, while modest, the EPS growth is noticeable. So while we'd stop just short of calling this a top performer, but we think it is well worth watching. Looking ahead, you might want to check this free visual report on analyst forecasts for the company's future earnings..