StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report issued on Saturday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Price Performance
LOAN traded up $0.04 during trading on Friday, hitting $5.67. 31,227 shares of the stock traded hands, compared to its average volume of 17,104. Manhattan Bridge Capital has a 12-month low of $4.60 and a 12-month high of $5.90. The firm has a market capitalization of $64.86 million, a P/E ratio of 11.57 and a beta of 0.55. The firm has a 50-day moving average of $5.49 and a 200 day moving average of $5.39.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $2.31 million during the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.
Institutional Trading of Manhattan Bridge Capital
A number of institutional investors have recently made changes to their positions in LOAN. Renaissance Technologies LLC lifted its holdings in Manhattan Bridge Capital by 13.3% during the second quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider's stock valued at $963,000 after purchasing an additional 21,950 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Manhattan Bridge Capital by 35.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider's stock worth $120,000 after purchasing an additional 6,117 shares during the last quarter. International Assets Investment Management LLC increased its position in Manhattan Bridge Capital by 441.5% in the third quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider's stock worth $817,000 after purchasing an additional 119,595 shares during the last quarter. Beese Fulmer Investment Management Inc. increased its position in Manhattan Bridge Capital by 53.4% in the third quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider's stock worth $724,000 after purchasing an additional 45,222 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in Manhattan Bridge Capital by 2.7% in the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock worth $635,000 after purchasing an additional 3,008 shares during the last quarter. Hedge funds and other institutional investors 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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