Equities researchers at StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report issued on Saturday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
Manhattan Bridge Capital stock traded down $0.01 during trading hours on Friday, reaching $5.14. 7,385 shares of the company's stock traded hands, compared to its average volume of 19,439. Manhattan Bridge Capital has a fifty-two week low of $4.74 and a fifty-two week high of $6.05. The firm has a market capitalization of $58.80 million, a price-to-earnings ratio of 10.49 and a beta of 0.33. The firm's 50 day moving average is $5.37 and its 200-day moving average is $5.47.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The credit services provider reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $2.27 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.
Hedge Funds Weigh In On Manhattan Bridge Capital
Hedge funds have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $97,000. Kingsview Wealth Management LLC acquired a new stake in shares of Manhattan Bridge Capital in the 1st quarter valued at approximately $121,000. OLIO Financial Planning acquired a new stake in shares of Manhattan Bridge Capital in the 4th quarter valued at approximately $117,000. Atria Wealth Solutions Inc. boosted its holdings in shares of Manhattan Bridge Capital by 13.5% in the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider's stock valued at $159,000 after buying an additional 3,324 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of Manhattan Bridge Capital by 28.4% in the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock valued at $157,000 after buying an additional 6,215 shares during the last quarter. 21.84% of the stock is owned by institutional investors.
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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