Manhattan Bridge Capital (NASDAQ:LOAN) Coverage Initiated by Analysts at StockNews.com

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

Manhattan Bridge Capital Price Performance

Shares of Manhattan Bridge Capital stock opened at $5.95 on Monday. The firm has a market cap of $68.06 million, a PE ratio of 12.14 and a beta of 0.48. Manhattan Bridge Capital has a 1 year low of $4.89 and a 1 year high of $6.00. The stock has a fifty day moving average price of $5.65 and a 200-day moving average price of $5.53.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.

Hedge Funds Weigh In On Manhattan Bridge Capital

Several institutional investors and hedge funds have recently bought and sold shares of the company. Gen Wealth Partners Inc raised its stake in shares of Manhattan Bridge Capital by 5.1% in the fourth quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider’s stock valued at $217,000 after buying an additional 1,896 shares during the period. Geode Capital Management LLC increased its holdings 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. Atria Wealth Solutions Inc. raised its stake in Manhattan Bridge Capital by 13.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 3,324 shares during the period. NewEdge Advisors LLC lifted its holdings in Manhattan Bridge Capital by 28.4% during the fourth 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, Melia Wealth LLC lifted its holdings in Manhattan Bridge Capital by 3.0% during the fourth quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider’s stock valued at $1,966,000 after purchasing an additional 10,301 shares during the last quarter. 21.84% of the stock is owned by institutional investors.

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.