Investment analysts at StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research note issued on Tuesday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
Shares of LOAN stock traded down $0.01 during trading hours on Tuesday, hitting $5.60. 10,974 shares of the company were exchanged, compared to its average volume of 20,445. The stock has a market capitalization of $64.06 million, a price-to-earnings ratio of 11.43 and a beta of 0.57. Manhattan Bridge Capital has a one year low of $4.60 and a one year high of $5.90. The business's 50-day simple moving average is $5.42 and its two-hundred day simple moving average is $5.32.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 EPS for the quarter, hitting analysts' consensus estimates of $0.12. The company had revenue of $2.31 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.
Institutional Investors Weigh In On Manhattan Bridge Capital
Several institutional investors and hedge funds have recently bought and sold shares of the business. Soltis Investment Advisors LLC bought a new position in shares of Manhattan Bridge Capital during the third quarter valued at approximately $14,758,000. International Assets Investment Management LLC boosted its position in Manhattan Bridge Capital by 441.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider's stock valued at $817,000 after purchasing an additional 119,595 shares during the period. Beese Fulmer Investment Management Inc. grew its stake in Manhattan Bridge Capital by 53.4% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider's stock worth $724,000 after buying an additional 45,222 shares during the last quarter. Renaissance Technologies LLC grew its stake in Manhattan Bridge Capital by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider's stock worth $963,000 after buying an additional 21,950 shares during the last quarter. Finally, Riversedge Advisors LLC acquired a new stake in Manhattan Bridge Capital in the second quarter worth $68,000. 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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