Manhattan Bridge Capital (NASDAQ:LOAN) Now Covered by StockNews.com

StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a report released on Sunday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Trading Down 1.9 %

Shares of LOAN stock opened at $5.64 on Friday. The firm has a market capitalization of $64.52 million, a P/E ratio of 11.51 and a beta of 0.48. The firm’s fifty day moving average price is $5.61 and its two-hundred day moving average price is $5.50. Manhattan Bridge Capital has a 1 year low of $4.69 and a 1 year high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Advisory Services Network LLC acquired a new position in shares of Manhattan Bridge Capital during the 4th quarter worth about $97,000. OLIO Financial Planning bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth about $117,000. 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 worth $157,000 after buying an additional 6,215 shares during the period. 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 worth $159,000 after buying an additional 3,324 shares during the period. Finally, LPL Financial LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth about $169,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

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.