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StockNews.com Begins Coverage on Manhattan Bridge Capital (NASDAQ:LOAN)

Manhattan Bridge Capital logo with Finance background

Investment analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report released on Wednesday. The brokerage set a "strong-buy" rating on the credit services provider's stock.

Manhattan Bridge Capital Price Performance

NASDAQ:LOAN traded up $0.09 during trading hours on Wednesday, hitting $5.39. 8,510 shares of the company were exchanged, compared to its average volume of 19,839. Manhattan Bridge Capital has a 52-week low of $4.74 and a 52-week high of $6.05. The stock has a market capitalization of $61.66 million, a price-to-earnings ratio of 11.00 and a beta of 0.26. The company's 50 day moving average price is $5.54 and its 200-day moving average price is $5.51.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its quarterly earnings data 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). The company had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.

Institutional Investors Weigh In On Manhattan Bridge Capital

A number of large investors have recently bought and sold shares of LOAN. Cary Street Partners Financial LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter valued at approximately $1,684,000. Avant Financial Advisors LLC purchased a new position in shares of Manhattan Bridge Capital during the fourth quarter worth $1,626,000. Fortress Financial Solutions LLC acquired a new position in Manhattan Bridge Capital during the fourth quarter valued at $685,000. Capital Management Associates Inc purchased a new stake in Manhattan Bridge Capital in the fourth quarter valued at $184,000. Finally, LPL Financial LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth about $169,000. Hedge funds and other institutional investors own 21.84% of the company's stock.

About Manhattan Bridge Capital

(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.

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