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

StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note issued to investors on Monday. 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 $5.60 on Monday. The company has a 50 day simple moving average of $5.54 and a 200 day simple moving average of $5.41. The firm has a market cap of $64.06 million, a PE ratio of 11.43 and a beta of 0.55. Manhattan Bridge Capital has a 1 year low of $4.60 and a 1 year high of $5.90.

Institutional Trading of Manhattan Bridge Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atria Wealth Solutions Inc. lifted its holdings in Manhattan Bridge Capital by 13.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock valued at $159,000 after purchasing an additional 3,324 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in shares of Manhattan Bridge Capital in the fourth quarter worth approximately $685,000. Capital Management Associates Inc purchased a new stake in Manhattan Bridge Capital in the fourth quarter worth approximately $184,000. Beese Fulmer Investment Management Inc. boosted its stake in Manhattan Bridge Capital by 9.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock worth $799,000 after buying an additional 12,616 shares in the last quarter. Finally, OLIO Financial Planning purchased a new stake in shares of Manhattan Bridge Capital during the fourth quarter valued at approximately $117,000. 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.