Manhattan Bridge Capital, Inc (NASDAQ:LOAN - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $5.42 and traded as low as $5.34. Manhattan Bridge Capital shares last traded at $5.53, with a volume of 19,122 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen started coverage on Manhattan Bridge Capital in a research report on Sunday, May 18th. They set a "strong-buy" rating on the stock.
Read Our Latest Analysis on Manhattan Bridge Capital
Manhattan Bridge Capital Stock Performance
The company has a market capitalization of $62.50 million, a price-to-earnings ratio of 11.63 and a beta of 0.30. The firm's 50 day simple moving average is $5.30 and its 200-day simple moving average is $5.42.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its earnings results on Tuesday, July 22nd. The credit services provider reported $0.12 earnings per share for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 59.04%.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new position in shares of Manhattan Bridge Capital in the fourth quarter worth $97,000. Kingsview Wealth Management LLC acquired a new position in Manhattan Bridge Capital in the first quarter worth approximately $121,000. OLIO Financial Planning increased its holdings in Manhattan Bridge Capital by 17.5% in 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 during the last quarter. NewEdge Advisors LLC increased its stake in shares of Manhattan Bridge Capital by 28.4% during the 4th 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. Finally, LPL Financial LLC acquired a new position in shares of Manhattan Bridge Capital during the 4th quarter worth $169,000. Institutional investors and hedge funds own 21.84% of the company's stock.
Manhattan Bridge Capital Company Profile
(
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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