Frazier Financial Advisors LLC Decreases Holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Frazier Financial Advisors LLC trimmed its holdings in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 66.3% in the third quarter, Holdings Channel reports. The firm owned 5,718 shares of the credit services provider’s stock after selling 11,227 shares during the period. Frazier Financial Advisors LLC’s holdings in Manhattan Bridge Capital were worth $32,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in LOAN. International Assets Investment Management LLC boosted its position in Manhattan Bridge Capital by 441.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after purchasing an additional 119,595 shares during the period. Beese Fulmer Investment Management Inc. purchased a new position in Manhattan Bridge Capital in the 2nd quarter valued at about $436,000. Renaissance Technologies LLC boosted its position in Manhattan Bridge Capital by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock valued at $963,000 after buying an additional 21,950 shares during the last quarter. Virtu Financial LLC purchased a new position in Manhattan Bridge Capital in the 1st quarter valued at about $69,000. Finally, Riversedge Advisors LLC purchased a new position in Manhattan Bridge Capital in the 2nd quarter valued at about $68,000. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Stock Performance

Shares of Manhattan Bridge Capital stock opened at $5.32 on Friday. The firm has a market cap of $60.86 million, a PE ratio of 10.86 and a beta of 0.58. The firm’s 50-day simple moving average is $5.40 and its 200-day simple moving average is $5.27. Manhattan Bridge Capital, Inc. has a 1 year low of $4.27 and a 1 year high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. The business had revenue of $2.31 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Manhattan Bridge Capital in a research report on Friday. They issued a “strong-buy” rating for the company.

Manhattan Bridge Capital 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.