StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research report issued to clients and investors on Monday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Down 0.9 %
NASDAQ LOAN traded down $0.05 during midday trading on Monday, hitting $5.72. The company had a trading volume of 16,806 shares, compared to its average volume of 13,913. The firm has a fifty day simple moving average of $5.57 and a two-hundred day simple moving average of $5.42. The stock has a market cap of $65.44 million, a price-to-earnings ratio of 11.67 and a beta of 0.55. Manhattan Bridge Capital has a fifty-two week low of $4.60 and a fifty-two week high of $5.90.
Institutional Trading of Manhattan Bridge Capital
A number of institutional investors and hedge funds have recently modified their holdings of the company. Soltis Investment Advisors LLC acquired a new stake in Manhattan Bridge Capital during the third quarter worth $14,758,000. Hardy Reed LLC lifted its holdings in shares of Manhattan Bridge Capital by 7.8% during the 4th quarter. Hardy Reed LLC now owns 370,499 shares of the credit services provider's stock worth $2,075,000 after acquiring an additional 26,733 shares during the period. Renaissance Technologies LLC increased its stake in Manhattan Bridge Capital by 13.3% in the second quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider's stock valued at $963,000 after acquiring an additional 21,950 shares during the period. International Assets Investment Management LLC increased its stake 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 valued at $817,000 after acquiring an additional 119,595 shares during the period. Finally, Beese Fulmer Investment Management Inc. raised its position in Manhattan Bridge Capital by 9.7% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider's stock worth $799,000 after purchasing an additional 12,616 shares in the last quarter. 21.84% of the stock is currently owned by institutional investors.
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.
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