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

StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a report issued on Sunday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Down 1.9 %

NASDAQ LOAN opened at $5.64 on Friday. The company has a market capitalization of $64.52 million, a P/E ratio of 11.51 and a beta of 0.48. Manhattan Bridge Capital has a 12-month low of $4.69 and a 12-month high of $5.90. The firm has a 50-day moving average price of $5.61 and a two-hundred day moving average price of $5.50.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings data on Wednesday, March 12th. 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 business had revenue of $2.36 million during 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

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $97,000. OLIO Financial Planning bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $117,000. Atria Wealth Solutions Inc. lifted its holdings in shares of Manhattan Bridge Capital by 13.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock worth $159,000 after acquiring an additional 3,324 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Manhattan Bridge Capital by 28.4% during the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock worth $157,000 after acquiring an additional 6,215 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $169,000. Institutional investors own 21.84% of the company’s stock.

About Manhattan Bridge Capital

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.