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

StockNews.com initiated coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note issued on Friday. The firm set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Performance

NASDAQ LOAN opened at $5.58 on Friday. The stock has a market cap of $63.83 million, a PE ratio of 11.39 and a beta of 0.55. Manhattan Bridge Capital has a 12 month low of $4.60 and a 12 month high of $5.90. The company’s 50-day moving average price is $5.61 and its 200-day moving average price is $5.46.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Soltis Investment Advisors LLC bought a new stake in Manhattan Bridge Capital during the 3rd quarter valued at $14,758,000. Hardy Reed LLC raised its holdings in shares of Manhattan Bridge Capital by 7.8% in the fourth quarter. Hardy Reed LLC now owns 370,499 shares of the credit services provider’s stock valued at $2,075,000 after acquiring an additional 26,733 shares in the last quarter. Melia Wealth LLC lifted its stake in Manhattan Bridge Capital by 3.0% in the fourth quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider’s stock worth $1,966,000 after acquiring an additional 10,301 shares during the period. Cary Street Partners Financial LLC bought a new position in Manhattan Bridge Capital during the 4th quarter worth about $1,684,000. Finally, Beese Fulmer Investment Management Inc. increased its position in Manhattan Bridge Capital by 9.7% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock valued at $799,000 after purchasing an additional 12,616 shares during the period. 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.