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

Research analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research report issued to clients and investors on Saturday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Trading Up 1.4 %

LOAN stock opened at $5.68 on Friday. Manhattan Bridge Capital has a 1 year low of $4.69 and a 1 year high of $5.90. The company has a fifty day simple moving average of $5.60 and a 200 day simple moving average of $5.48. The firm has a market cap of $64.97 million, a PE ratio of 11.59 and a beta of 0.48.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The business had revenue of $2.36 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in shares of Manhattan Bridge Capital during the 4th quarter worth about $97,000. OLIO Financial Planning bought a new stake in Manhattan Bridge Capital in the fourth quarter valued at about $117,000. NewEdge Advisors LLC increased its stake in Manhattan Bridge Capital by 28.4% in the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock valued at $157,000 after acquiring an additional 6,215 shares during the period. Atria Wealth Solutions Inc. increased its stake in 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 acquiring an additional 3,324 shares during the period. Finally, LPL Financial LLC bought a new stake in Manhattan Bridge Capital in the fourth quarter valued at about $169,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

Manhattan Bridge Capital Company Profile

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.