Manhattan Bridge Capital (NASDAQ:LOAN) Research Coverage Started at StockNews.com

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

Manhattan Bridge Capital Trading Up 0.2 %

NASDAQ LOAN opened at $5.07 on Thursday. Manhattan Bridge Capital has a 1-year low of $4.27 and a 1-year high of $5.29. The company has a 50 day moving average of $4.92 and a 200-day moving average of $4.79. The company has a market cap of $58.00 million, a price-to-earnings ratio of 10.14 and a beta of 0.59.

Institutional Investors Weigh In On Manhattan Bridge Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in LOAN. Abacus Wealth Partners LLC raised its position in Manhattan Bridge Capital by 288.7% during the first quarter. Abacus Wealth Partners LLC now owns 56,216 shares of the credit services provider’s stock valued at $284,000 after purchasing an additional 41,752 shares in the last quarter. Melia Wealth LLC acquired a new position in Manhattan Bridge Capital during the first quarter valued at approximately $315,000. Frazier Financial Advisors LLC acquired a new position in Manhattan Bridge Capital during the fourth quarter valued at approximately $206,000. Pinnacle Wealth Planning Services Inc. raised its position in Manhattan Bridge Capital by 122.2% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 113,446 shares of the credit services provider’s stock valued at $564,000 after purchasing an additional 62,385 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC acquired a new position in Manhattan Bridge Capital during the fourth quarter valued at approximately $270,000. 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.