Manhattan Bridge Capital (NASDAQ:LOAN) Coverage Initiated by Analysts at StockNews.com

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

Manhattan Bridge Capital Trading Down 1.6 %

Shares of NASDAQ LOAN opened at $5.32 on Friday. Manhattan Bridge Capital has a 12-month low of $4.27 and a 12-month high of $5.90. The firm’s 50-day moving average price is $5.40 and its 200-day moving average price is $5.27. The stock has a market capitalization of $60.86 million, a price-to-earnings ratio of 10.86 and a beta of 0.58.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.31 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Institutional Investors Weigh In On Manhattan Bridge Capital

Several institutional investors have recently made changes to their positions in the company. Riversedge Advisors LLC bought a new position in Manhattan Bridge Capital during the 2nd quarter valued at about $68,000. Virtu Financial LLC bought a new position in shares of Manhattan Bridge Capital during the first quarter valued at approximately $69,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Manhattan Bridge Capital by 67.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the credit services provider’s stock worth $82,000 after buying an additional 6,923 shares during the period. Waddell & Associates LLC lifted its stake in shares of Manhattan Bridge Capital by 3.9% during the 2nd quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock worth $396,000 after acquiring an additional 2,861 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. bought a new stake in shares of Manhattan Bridge Capital during the 2nd quarter worth approximately $436,000. Institutional investors own 21.84% of the company’s stock.

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.