International Assets Investment Management LLC Increases Stock Holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

International Assets Investment Management LLC raised its holdings in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 441.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 146,682 shares of the credit services provider’s stock after acquiring an additional 119,595 shares during the quarter. International Assets Investment Management LLC owned approximately 1.28% of Manhattan Bridge Capital worth $817,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of LOAN. Riversedge Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the 2nd quarter valued at approximately $68,000. Virtu Financial LLC acquired a new position in shares of Manhattan Bridge Capital in the first quarter worth $69,000. B. Riley Wealth Advisors Inc. increased its stake in Manhattan Bridge Capital by 67.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the credit services provider’s stock valued at $82,000 after purchasing an additional 6,923 shares during the last quarter. Waddell & Associates LLC increased its stake in Manhattan Bridge Capital by 3.9% in the second quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock valued at $396,000 after purchasing an additional 2,861 shares during the last quarter. Finally, Beese Fulmer Investment Management Inc. purchased a new stake in Manhattan Bridge Capital during the second quarter valued at about $436,000. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ LOAN opened at $5.34 on Tuesday. The company has a market capitalization of $61.09 million, a price-to-earnings ratio of 10.90 and a beta of 0.58. Manhattan Bridge Capital, Inc. has a 1-year low of $4.27 and a 1-year high of $5.90. The business has a 50-day moving average of $5.37 and a 200-day moving average of $5.25.

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

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Manhattan Bridge Capital in a research report on Wednesday, October 30th. They set a “strong-buy” rating for the company.

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.