Manhattan Bridge Capital, Inc $LOAN Shares Acquired by Frazier Financial Advisors LLC

Frazier Financial Advisors LLC boosted its position in shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 156.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 203,866 shares of the credit services provider’s stock after acquiring an additional 124,229 shares during the period. Manhattan Bridge Capital comprises 0.5% of Frazier Financial Advisors LLC’s investment portfolio, making the stock its 23rd biggest holding. Frazier Financial Advisors LLC’s holdings in Manhattan Bridge Capital were worth $907,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Osaic Holdings Inc. increased its holdings in Manhattan Bridge Capital by 140.7% in the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock valued at $31,000 after buying an additional 3,292 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Manhattan Bridge Capital by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 383,385 shares of the credit services provider’s stock worth $2,116,000 after acquiring an additional 9,330 shares in the last quarter. Citadel Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the 3rd quarter valued at about $149,000. Mercer Global Advisors Inc. ADV lifted its stake in Manhattan Bridge Capital by 28.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock worth $1,996,000 after purchasing an additional 81,220 shares during the last quarter. Finally, Apella Capital LLC acquired a new stake in Manhattan Bridge Capital during the fourth quarter worth approximately $192,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Manhattan Bridge Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, June 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Manhattan Bridge Capital Stock Performance

Manhattan Bridge Capital stock opened at $4.42 on Friday. Manhattan Bridge Capital, Inc has a fifty-two week low of $4.13 and a fifty-two week high of $5.80. The company has a market capitalization of $50.52 million, a P/E ratio of 10.05 and a beta of 0.14. The stock has a 50-day simple moving average of $4.33 and a 200-day simple moving average of $4.42.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its earnings results on Thursday, April 16th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). The firm had revenue of $2.07 million during the quarter, compared to analyst estimates of $2.18 million. Manhattan Bridge Capital had a net margin of 59.24% and a return on equity of 11.59%.

Manhattan Bridge Capital Profile

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.