Manhattan Bridge Capital (NASDAQ:LOAN) Coverage Initiated by Analysts at StockNews.com

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

Manhattan Bridge Capital Stock Performance

Shares of NASDAQ:LOAN opened at $5.12 on Thursday. Manhattan Bridge Capital has a 52-week low of $4.74 and a 52-week high of $6.05. The company has a market cap of $58.57 million, a P/E ratio of 10.45 and a beta of 0.26. The stock’s 50-day moving average is $5.51 and its 200-day moving average is $5.51.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The business had revenue of $2.36 million during the quarter.

Institutional Trading of Manhattan Bridge Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Hardy Reed LLC raised its position in shares of Manhattan Bridge Capital by 7.8% during the fourth quarter. Hardy Reed LLC now owns 370,499 shares of the credit services provider’s stock valued at $2,075,000 after buying an additional 26,733 shares during the last quarter. Melia Wealth LLC raised its holdings in Manhattan Bridge Capital by 3.0% in the 4th quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider’s stock valued at $1,966,000 after acquiring an additional 10,301 shares in the last quarter. Cary Street Partners Financial LLC acquired a new position in Manhattan Bridge Capital in the 4th quarter valued at approximately $1,684,000. Avant Financial Advisors LLC bought a new stake in shares of Manhattan Bridge Capital in the 4th quarter worth approximately $1,626,000. Finally, Beese Fulmer Investment Management Inc. grew its holdings in shares of Manhattan Bridge Capital by 9.7% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock worth $799,000 after purchasing an additional 12,616 shares in the last quarter. 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.