Bard Associates Inc. Has $2.03 Million Holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Bard Associates Inc. trimmed its stake in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 1.0% in the third quarter, HoldingsChannel.com reports. The firm owned 364,817 shares of the credit services provider’s stock after selling 3,850 shares during the period. Bard Associates Inc.’s holdings in Manhattan Bridge Capital were worth $2,032,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. Renaissance Technologies LLC lifted its stake in shares of Manhattan Bridge Capital by 13.3% in the second quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock worth $963,000 after acquiring an additional 21,950 shares during the period. International Assets Investment Management LLC raised its holdings in Manhattan Bridge Capital by 441.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after purchasing an additional 119,595 shares during the last quarter. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Manhattan Bridge Capital by 24.7% in the 1st quarter. Pinnacle Wealth Planning Services Inc. now owns 141,494 shares of the credit services provider’s stock worth $716,000 after purchasing an additional 28,048 shares during the period. Beese Fulmer Investment Management Inc. boosted its stake in shares of Manhattan Bridge Capital by 53.4% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock valued at $724,000 after purchasing an additional 45,222 shares during the last quarter. Finally, Waddell & Associates LLC raised its stake in Manhattan Bridge Capital by 3.9% during the second quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock worth $396,000 after buying an additional 2,861 shares during the last quarter. 21.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a research report on Friday. They set a “strong-buy” rating on the stock.

Manhattan Bridge Capital Price Performance

NASDAQ LOAN opened at $5.32 on Friday. The stock has a market capitalization of $60.87 million, a P/E ratio of 10.86 and a beta of 0.58. Manhattan Bridge Capital, Inc. has a one year low of $4.27 and a one year high of $5.90. The business has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $5.27.

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

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.