Manhattan Bridge Capital (NASDAQ:LOAN) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Manhattan Bridge Capital Stock Up 0.4 %

LOAN stock opened at $5.38 on Thursday. Manhattan Bridge Capital has a twelve month low of $4.27 and a twelve month high of $5.90. The firm has a market cap of $61.54 million, a price-to-earnings ratio of 10.98 and a beta of 0.58. The business’s fifty day simple moving average is $5.37 and its two-hundred day simple moving average is $5.26.

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

Institutional Trading of Manhattan Bridge Capital

Several institutional investors and hedge funds have recently made changes to their positions in LOAN. Riversedge Advisors LLC bought a new stake in shares of Manhattan Bridge Capital in the 2nd quarter valued at about $68,000. Virtu Financial LLC purchased a new position in Manhattan Bridge Capital in the first quarter valued at about $69,000. B. Riley Wealth Advisors Inc. boosted its holdings 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 buying an additional 6,923 shares in the last quarter. Waddell & Associates LLC grew its position in shares of Manhattan Bridge Capital by 3.9% in the 2nd 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. Finally, Beese Fulmer Investment Management Inc. bought a new position in shares of Manhattan Bridge Capital during the 2nd quarter worth approximately $436,000. 21.84% of the stock is currently owned by institutional investors.

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.