Manhattan Bridge Capital (NASDAQ:LOAN) Research Coverage Started at StockNews.com

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

Manhattan Bridge Capital Stock Performance

Manhattan Bridge Capital stock opened at $5.25 on Thursday. The firm has a market cap of $60.06 million, a price-to-earnings ratio of 10.50 and a beta of 0.59. Manhattan Bridge Capital has a 1 year low of $4.27 and a 1 year high of $5.59. The firm’s 50 day moving average price is $5.22 and its two-hundred day moving average price is $5.02.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.44 million for the quarter. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. National Bank of Canada FI grew 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 worth $28,000 after purchasing an additional 3,900 shares in the last quarter. B. Riley Wealth Advisors Inc. grew 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 worth $82,000 after purchasing an additional 6,923 shares in the last quarter. Certuity LLC purchased a new position in Manhattan Bridge Capital during the 4th quarter worth approximately $54,000. Riversedge Advisors LLC purchased a new position in Manhattan Bridge Capital during the 2nd quarter worth approximately $68,000. Finally, Virtu Financial LLC purchased a new position in Manhattan Bridge Capital during the 1st quarter worth approximately $69,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

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.