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

Stock analysts at StockNews.com assumed 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

LOAN stock opened at $5.82 on Monday. The stock has a market capitalization of $66.57 million, a P/E ratio of 11.88 and a beta of 0.48. Manhattan Bridge Capital has a 1-year low of $4.89 and a 1-year high of $5.90. The business has a fifty day moving average price of $5.64 and a 200-day moving average price of $5.52.

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

Institutional Investors Weigh In On Manhattan Bridge Capital

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in shares of Manhattan Bridge Capital in the 4th quarter worth $97,000. OLIO Financial Planning purchased a new stake in Manhattan Bridge Capital during the fourth quarter valued at $117,000. Atria Wealth Solutions Inc. lifted its holdings in Manhattan Bridge Capital by 13.5% in the fourth 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 period. NewEdge Advisors LLC boosted its position in Manhattan Bridge Capital by 28.4% in the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock worth $157,000 after purchasing an additional 6,215 shares during the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at about $169,000. 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.