Equities researchers at StockNews.com initiated coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research report issued on Saturday. The firm set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
LOAN remained flat at $5.67 on Friday. The company had a trading volume of 3,019 shares, compared to its average volume of 19,317. The company has a 50 day moving average price of $5.60 and a two-hundred day moving average price of $5.49. The company has a market cap of $64.86 million, a P/E ratio of 11.57 and a beta of 0.48. Manhattan Bridge Capital has a fifty-two week low of $4.69 and a fifty-two week high of $5.90.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The business had revenue of $2.36 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.
Hedge Funds Weigh In On Manhattan Bridge Capital
A number of institutional investors have recently bought and sold shares of the business. Gen Wealth Partners Inc grew its position in shares of Manhattan Bridge Capital by 5.1% in the fourth quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider's stock valued at $217,000 after purchasing an additional 1,896 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 valued at $635,000 after purchasing an additional 3,008 shares during the last quarter. Atria Wealth Solutions Inc. boosted its stake in shares of 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 buying an additional 3,324 shares during the period. NewEdge Advisors LLC boosted its stake in shares of 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 buying an additional 6,215 shares during the period. Finally, Melia Wealth LLC boosted its stake in shares of Manhattan Bridge Capital by 3.0% in the fourth quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider's stock valued at $1,966,000 after buying an additional 10,301 shares during the period. Institutional investors and hedge funds own 21.84% of the company's stock.
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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