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

Manhattan Bridge Capital logo with Finance background

Analysts at StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research report issued on Friday. The brokerage set a "strong-buy" rating on the credit services provider's stock.

Manhattan Bridge Capital Stock Down 0.4 %

Shares of NASDAQ:LOAN traded down $0.02 during trading on Friday, hitting $5.10. 17,058 shares of the company traded hands, compared to its average volume of 19,684. The business's fifty day moving average is $5.42 and its 200-day moving average is $5.48. The stock has a market capitalization of $58.34 million, a price-to-earnings ratio of 10.41 and a beta of 0.33. Manhattan Bridge Capital has a one year low of $4.74 and a one year high of $6.05.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share for the quarter, hitting 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 for the quarter.

Hedge Funds Weigh In On Manhattan Bridge Capital

Hedge funds and other institutional investors have recently made changes to their positions in the business. Geode Capital Management LLC raised its stake in shares of Manhattan Bridge Capital by 2.7% during the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock valued at $635,000 after purchasing an additional 3,008 shares in the last quarter. OLIO Financial Planning bought a new position in shares of Manhattan Bridge Capital in the fourth quarter valued at approximately $117,000. Beese Fulmer Investment Management Inc. increased its stake in shares of Manhattan Bridge Capital by 9.7% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider's stock valued at $799,000 after acquiring an additional 12,616 shares during the period. Capital Management Associates Inc bought a new stake in Manhattan Bridge Capital during the fourth quarter worth approximately $184,000. Finally, Fortress Financial Solutions LLC acquired a new stake in Manhattan Bridge Capital in the fourth quarter worth approximately $685,000. 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.

Further Reading

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