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

Equities research analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOANGet Free Report) in a report issued on Saturday. The firm set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Price Performance

NASDAQ:LOAN opened at $5.68 on Friday. The firm’s 50-day moving average price is $5.60 and its 200-day moving average price is $5.48. The company has a market capitalization of $64.97 million, a PE ratio of 11.59 and a beta of 0.48. Manhattan Bridge Capital has a 1-year low of $4.69 and a 1-year high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOANGet Free Report) last released its earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The business had revenue of $2.36 million during the quarter.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors have recently bought and sold shares of the company. Gen Wealth Partners Inc grew its position in Manhattan Bridge Capital by 5.1% during the 4th quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider’s stock valued at $217,000 after purchasing an additional 1,896 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Manhattan Bridge Capital by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock valued at $635,000 after acquiring an additional 3,008 shares during the last quarter. Atria Wealth Solutions Inc. boosted its holdings in shares of Manhattan Bridge Capital by 13.5% during 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 last quarter. NewEdge Advisors LLC boosted its holdings in shares of Manhattan Bridge Capital by 28.4% during the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock valued at $157,000 after acquiring an additional 6,215 shares during the last quarter. Finally, Melia Wealth LLC boosted its holdings in shares of Manhattan Bridge Capital by 3.0% during the 4th quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider’s stock valued at $1,966,000 after acquiring an additional 10,301 shares during the last quarter. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Company Profile

(Get Free Report)

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.

Further Reading

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