Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) was upgraded by stock analysts at Weiss Ratings from a "hold (c+)" rating to a "buy (b-)" rating in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Manhattan Bridge Capital Stock Down 4.8%
Shares of Manhattan Bridge Capital stock opened at $5.39 on Wednesday. The stock has a market capitalization of $61.66 million, a P/E ratio of 11.47 and a beta of 0.37. The stock has a 50 day moving average price of $5.43 and a two-hundred day moving average price of $5.35. 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 announced its earnings results on Tuesday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The firm had revenue of $2.36 million during the quarter. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 59.04%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Osaic Holdings Inc. lifted its holdings in shares of Manhattan Bridge Capital by 140.7% during the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider's stock worth $31,000 after buying an additional 3,292 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in shares of Manhattan Bridge Capital during the first quarter worth approximately $121,000. Frazier Financial Advisors LLC acquired a new position in shares of Manhattan Bridge Capital during the second quarter worth approximately $112,000. International Assets Investment Management LLC acquired a new position in shares of Manhattan Bridge Capital during the second quarter worth approximately $149,000. Finally, Atria Wealth Solutions Inc. lifted its holdings in shares of Manhattan Bridge Capital by 57.2% during the second quarter. Atria Wealth Solutions Inc. now owns 39,871 shares of the credit services provider's stock worth $218,000 after buying an additional 14,513 shares during the last quarter. 21.84% of the stock is currently owned by institutional investors and hedge funds.
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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