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

Investment analysts at StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a note issued to investors on Saturday. The brokerage set a "strong-buy" rating on the credit services provider's stock.

Manhattan Bridge Capital Price Performance

Shares of LOAN opened at $5.20 on Friday. Manhattan Bridge Capital has a one year low of $4.74 and a one year high of $6.05. The company has a market cap of $59.48 million, a PE ratio of 10.61 and a beta of 0.33. The stock has a 50-day moving average of $5.40 and a 200-day moving average of $5.48.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The credit services provider reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%. The firm had revenue of $2.27 million during the quarter.

Hedge Funds Weigh In On Manhattan Bridge Capital

Several large investors have recently added to or reduced their stakes in the business. Gen Wealth Partners Inc grew its holdings in Manhattan Bridge Capital by 5.1% during the fourth quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider's stock worth $217,000 after buying an additional 1,896 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Manhattan Bridge Capital by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock worth $635,000 after acquiring an additional 3,008 shares in the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of 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 purchasing an additional 3,324 shares during the last quarter. OLIO Financial Planning lifted 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 valued at $145,000 after purchasing an additional 3,665 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in Manhattan Bridge Capital by 28.4% during 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. 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.

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