Manhattan Bridge Capital (NASDAQ:LOAN) Shares Pass Below Two Hundred Day Moving Average of $4.80

Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.80 and traded as low as $4.60. Manhattan Bridge Capital shares last traded at $4.64, with a volume of 15,229 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Manhattan Bridge Capital from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 6th.

Manhattan Bridge Capital Trading Down 0.4 %

The stock’s 50-day simple moving average is $4.65 and its 200-day simple moving average is $4.80. The stock has a market cap of $53.13 million, a price-to-earnings ratio of 9.47 and a beta of 0.61.

Institutional Trading of Manhattan Bridge Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Holdings Inc. increased its position in Manhattan Bridge Capital by 10.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 18,606 shares of the credit services provider’s stock valued at $118,000 after acquiring an additional 1,826 shares during the period. International Assets Investment Management LLC increased its position in shares of Manhattan Bridge Capital by 10.2% during the second quarter. International Assets Investment Management LLC now owns 23,128 shares of the credit services provider’s stock worth $130,000 after buying an additional 2,137 shares during the period. Renaissance Technologies LLC increased its position in shares of Manhattan Bridge Capital by 1.4% during the first quarter. Renaissance Technologies LLC now owns 172,218 shares of the credit services provider’s stock worth $1,094,000 after buying an additional 2,345 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Manhattan Bridge Capital by 21.5% during the second quarter. Atria Wealth Solutions Inc. now owns 17,055 shares of the credit services provider’s stock worth $96,000 after buying an additional 3,021 shares during the period. Finally, Clear Creek Financial Management LLC increased its position in shares of Manhattan Bridge Capital by 14.0% during the second quarter. Clear Creek Financial Management LLC now owns 26,729 shares of the credit services provider’s stock worth $27,000 after buying an additional 3,278 shares during the period. Institutional investors own 17.81% 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 their acquisition, renovation, rehabilitation, or development of residential or commercial properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.