Equities research analysts at Wall Street Zen started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research note issued to investors on Sunday. The firm set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Up 1.6%
Shares of LOAN traded up $0.08 during mid-day trading on Friday, reaching $5.15. 23,288 shares of the stock traded hands, compared to its average volume of 18,529. The firm has a market cap of $58.91 million, a price-to-earnings ratio of 10.51 and a beta of 0.33. The stock has a fifty day simple moving average of $5.30 and a 200 day simple moving average of $5.46. Manhattan Bridge Capital has a 12-month low of $4.74 and a 12-month high of $6.05.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $2.27 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.
Institutional Trading of Manhattan Bridge Capital
A number of hedge funds have recently made changes to their positions in the stock. Chicago Partners Investment Group LLC acquired a new stake in shares of Manhattan Bridge Capital during the first quarter worth approximately $296,000. Melia Wealth LLC grew its position in shares of Manhattan Bridge Capital by 2.8% during the first quarter. Melia Wealth LLC now owns 360,918 shares of the credit services provider's stock worth $2,133,000 after buying an additional 9,778 shares in the last quarter. Hardy Reed LLC grew its position in shares of Manhattan Bridge Capital by 4.3% during the first quarter. Hardy Reed LLC now owns 386,259 shares of the credit services provider's stock worth $2,283,000 after buying an additional 15,760 shares in the last quarter. Kingsview Wealth Management LLC acquired a new stake in shares of Manhattan Bridge Capital during the first quarter worth approximately $121,000. Finally, OLIO Financial Planning grew its position in shares of Manhattan Bridge Capital by 17.5% during the first quarter. OLIO Financial Planning now owns 24,568 shares of the credit services provider's stock worth $145,000 after buying an additional 3,665 shares in the last quarter. Institutional investors and hedge funds 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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