Research analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report released on Friday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
NASDAQ:LOAN remained flat at $5.32 on Friday. The company's stock had a trading volume of 4,991 shares, compared to its average volume of 20,673. The firm's 50-day simple moving average is $5.40 and its 200-day simple moving average is $5.27. The firm has a market capitalization of $60.86 million, a P/E ratio of 10.86 and a beta of 0.58. Manhattan Bridge Capital has a 52 week low of $4.27 and a 52 week high of $5.90.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share for the quarter, meeting the consensus estimate of $0.12. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The firm had revenue of $2.31 million for the quarter.
Institutional Trading of Manhattan Bridge Capital
A number of institutional investors have recently added to or reduced their stakes in the business. Waddell & Associates LLC raised its holdings in shares of Manhattan Bridge Capital by 3.9% during the 2nd quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider's stock valued at $396,000 after purchasing an additional 2,861 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its position in Manhattan Bridge Capital by 35.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider's stock worth $120,000 after buying an additional 6,117 shares during the last quarter. Riversedge Advisors LLC bought a new position in Manhattan Bridge Capital during the second quarter valued at about $68,000. Virtu Financial LLC acquired a new stake in shares of Manhattan Bridge Capital in the first quarter worth about $69,000. Finally, Renaissance Technologies LLC boosted its stake in shares of 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 acquiring an additional 21,950 shares in the last quarter. 21.84% of the stock is currently owned by institutional investors and hedge funds.
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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