Manhattan Bridge Capital (NASDAQ:LOAN) Now Covered by Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a report released on Sunday. The firm set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Price Performance

Shares of LOAN opened at $5.17 on Friday. The company has a market capitalization of $59.14 million, a PE ratio of 10.55 and a beta of 0.33. Manhattan Bridge Capital has a one year low of $4.74 and a one year high of $6.05. The company’s fifty day moving average price is $5.35 and its 200 day moving average price is $5.47.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its earnings results on Thursday, April 24th. The credit services provider reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.27 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.

Institutional Trading of Manhattan Bridge Capital

Several hedge funds and other institutional investors have recently bought and sold shares of LOAN. OLIO Financial Planning acquired a new stake in Manhattan Bridge Capital in the 4th quarter worth $117,000. Beese Fulmer Investment Management Inc. grew its position in Manhattan Bridge Capital by 9.7% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 12,616 shares during the last quarter. Capital Management Associates Inc acquired a new stake in Manhattan Bridge Capital in the 4th quarter worth $184,000. Fortress Financial Solutions LLC acquired a new stake in Manhattan Bridge Capital in the 4th quarter worth $685,000. Finally, Atria Wealth Solutions Inc. grew its position in Manhattan Bridge Capital by 13.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock worth $159,000 after purchasing an additional 3,324 shares during the last quarter. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Bridge Capital Company Profile

Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. The company offers short-term, secured, and non-banking loans to real estate investors to fund acquisition, renovation, rehabilitation, or development of residential or commercial properties.