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

Stock analysts at StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a report released on Sunday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Down 0.6%

LOAN stock opened at $5.12 on Friday. Manhattan Bridge Capital has a twelve month low of $4.74 and a twelve month high of $6.05. The firm has a market cap of $58.57 million, a PE ratio of 10.45 and a beta of 0.33. The business has a 50 day moving average of $5.36 and a 200 day moving average of $5.47.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings data on Thursday, April 24th. The credit services provider reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The company had revenue of $2.27 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LOAN. Advisory Services Network LLC bought a new position in Manhattan Bridge Capital during the 4th quarter valued at approximately $97,000. OLIO Financial Planning purchased a new stake in Manhattan Bridge Capital during the 4th quarter valued at $117,000. Kingsview Wealth Management LLC purchased a new stake in Manhattan Bridge Capital during the 1st quarter valued at $121,000. NewEdge Advisors LLC boosted its stake in Manhattan Bridge Capital by 28.4% during the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock valued at $157,000 after purchasing an additional 6,215 shares during the last quarter. Finally, Atria Wealth Solutions Inc. boosted its stake in Manhattan Bridge Capital by 13.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock valued at $159,000 after purchasing an additional 3,324 shares during the last quarter. Institutional investors own 21.84% of the company’s stock.

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.