StockNews.com Begins Coverage on Manhattan Bridge Capital (NASDAQ:LOAN)

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

Manhattan Bridge Capital Price Performance

Shares of NASDAQ LOAN opened at $5.48 on Tuesday. The stock has a market cap of $62.69 million, a PE ratio of 11.18 and a beta of 0.57. Manhattan Bridge Capital has a 1 year low of $4.60 and a 1 year high of $5.90. The firm has a fifty day moving average price of $5.43 and a 200-day moving average price of $5.32.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting 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 business had revenue of $2.31 million during the quarter.

Institutional Investors Weigh In On Manhattan Bridge Capital

Institutional investors and hedge funds have recently modified their holdings of the stock. Riversedge Advisors LLC bought a new stake in Manhattan Bridge Capital in the 2nd quarter valued at $68,000. B. Riley Wealth Advisors Inc. boosted its stake in Manhattan Bridge Capital by 35.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock valued at $120,000 after buying an additional 6,117 shares during the last quarter. Waddell & Associates LLC grew its holdings in Manhattan Bridge Capital by 3.9% during the 2nd quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock valued at $396,000 after buying an additional 2,861 shares in the last quarter. Geode Capital Management LLC increased its stake in Manhattan Bridge Capital by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock worth $635,000 after acquiring an additional 3,008 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. raised its holdings in shares of Manhattan Bridge Capital by 53.4% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock worth $724,000 after acquiring an additional 45,222 shares in the last quarter. Institutional investors 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.