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StockNews.com Initiates Coverage on Manhattan Bridge Capital (NASDAQ:LOAN)

Manhattan Bridge Capital logo with Finance background

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

Manhattan Bridge Capital Trading Up 0.2 %

NASDAQ LOAN opened at $5.13 on Friday. The firm's fifty day simple moving average is $5.45 and its two-hundred day simple moving average is $5.50. The firm has a market capitalization of $58.68 million, a P/E ratio of 10.47 and a beta of 0.26. 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 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.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LOAN. Cary Street Partners Financial LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth about $1,684,000. Avant Financial Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the fourth quarter worth about $1,626,000. Fortress Financial Solutions LLC purchased a new position in shares of Manhattan Bridge Capital in the fourth quarter worth about $685,000. Capital Management Associates Inc acquired a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth about $184,000. Finally, LPL Financial LLC purchased a new stake in Manhattan Bridge Capital in the fourth quarter valued at approximately $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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