Manhattan Bridge Capital (NASDAQ:LOAN) Earns Strong-Buy Rating from Analysts at StockNews.com

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

Manhattan Bridge Capital Stock Down 1.2 %

LOAN stock opened at $5.67 on Tuesday. Manhattan Bridge Capital has a 52 week low of $4.60 and a 52 week high of $5.90. The firm has a 50-day simple moving average of $5.58 and a 200-day simple moving average of $5.43. The stock has a market capitalization of $64.86 million, a P/E ratio of 11.57 and a beta of 0.55.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. OLIO Financial Planning purchased a new position in Manhattan Bridge Capital during the 4th quarter valued at about $117,000. Atria Wealth Solutions Inc. lifted its position in shares of 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 worth $159,000 after purchasing an additional 3,324 shares in the last quarter. Capital Management Associates Inc purchased a new position in shares of Manhattan Bridge Capital in the fourth quarter valued at approximately $184,000. Geode Capital Management LLC grew its holdings in shares of Manhattan Bridge Capital by 2.7% in the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock valued at $635,000 after purchasing an additional 3,008 shares in the last quarter. Finally, Fortress Financial Solutions LLC acquired a new position in shares of Manhattan Bridge Capital in the fourth quarter valued at approximately $685,000. Hedge funds and other institutional investors 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.