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

StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research report sent to investors on Thursday. The brokerage issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Performance

Shares of NASDAQ:LOAN remained flat at $5.38 on Thursday. The stock had a trading volume of 1,468 shares, compared to its average volume of 20,875. The firm has a market capitalization of $61.55 million, a P/E ratio of 10.98 and a beta of 0.58. Manhattan Bridge Capital has a twelve month low of $4.27 and a twelve month high of $5.90. The business has a 50-day moving average of $5.38 and a 200 day moving average of $5.26.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The company had revenue of $2.31 million for the quarter.

Institutional Trading of Manhattan Bridge Capital

A number of hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC increased its holdings in shares of 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 buying an additional 119,595 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its stake in shares of Manhattan Bridge Capital by 67.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the credit services provider’s stock valued at $82,000 after purchasing an additional 6,923 shares in the last quarter. Virtu Financial LLC acquired a new stake in Manhattan Bridge Capital during the 1st quarter worth approximately $69,000. Waddell & Associates LLC raised its holdings in Manhattan Bridge Capital by 3.9% in the second quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock valued at $396,000 after buying an additional 2,861 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Manhattan Bridge Capital by 13.3% during the second quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock valued at $963,000 after buying an additional 21,950 shares in the last quarter. 21.84% of the stock is owned by institutional investors and hedge funds.

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.