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

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

Manhattan Bridge Capital Trading Up 0.8 %

NASDAQ LOAN opened at $5.25 on Thursday. Manhattan Bridge Capital has a 12 month low of $4.27 and a 12 month high of $5.59. The business’s 50-day moving average price is $5.22 and its two-hundred day moving average price is $5.02. The firm has a market capitalization of $60.05 million, a PE ratio of 10.50 and a beta of 0.59.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings results on Monday, July 22nd. The credit services provider reported $0.12 EPS for the quarter, meeting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%. The company had revenue of $2.44 million during the quarter.

Institutional Investors Weigh In On Manhattan Bridge Capital

A number of large investors have recently added to or reduced their stakes in LOAN. National Bank of Canada FI boosted its position in Manhattan Bridge Capital by 195.0% during the 4th quarter. National Bank of Canada FI now owns 5,900 shares of the credit services provider’s stock valued at $28,000 after acquiring an additional 3,900 shares in the last quarter. Certuity LLC bought a new stake in Manhattan Bridge Capital during the 4th quarter valued at approximately $54,000. Riversedge Advisors LLC bought a new stake in Manhattan Bridge Capital during the 2nd quarter valued at approximately $68,000. Virtu Financial LLC bought a new stake in Manhattan Bridge Capital during the 1st quarter valued at approximately $69,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in Manhattan Bridge Capital by 67.8% during 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 acquiring an additional 6,923 shares in the last quarter. Hedge funds and other 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.