Manhattan Bridge Capital (NASDAQ:LOAN) Receives New Coverage from Analysts at StockNews.com

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

Manhattan Bridge Capital Stock Performance

Shares of LOAN opened at $5.29 on Friday. The stock has a market capitalization of $60.51 million, a P/E ratio of 10.58 and a beta of 0.58. Manhattan Bridge Capital has a 1 year low of $4.27 and a 1 year high of $5.59. The company’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.13.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business 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

Institutional investors and hedge funds have recently bought and sold shares of the business. PDS Planning Inc purchased a new stake in shares of Manhattan Bridge Capital during the 1st quarter worth $499,000. Beese Fulmer Investment Management Inc. acquired a new stake in shares of Manhattan Bridge Capital in the second quarter valued at about $436,000. Melia Wealth LLC purchased a new stake in Manhattan Bridge Capital during the first quarter worth about $315,000. North Star Investment Management Corp. acquired a new position in Manhattan Bridge Capital during the first quarter worth about $234,000. Finally, Abacus Wealth Partners LLC increased its holdings in Manhattan Bridge Capital by 288.7% in the first quarter. Abacus Wealth Partners LLC now owns 56,216 shares of the credit services provider’s stock valued at $284,000 after buying an additional 41,752 shares in the last quarter. Institutional investors and hedge funds 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.