Stock analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report issued on Sunday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Price Performance
Manhattan Bridge Capital stock traded up $0.02 during mid-day trading on Friday, reaching $5.78. 13,220 shares of the company traded hands, compared to its average volume of 18,885. Manhattan Bridge Capital has a fifty-two week low of $4.80 and a fifty-two week high of $5.90. The firm's fifty day moving average is $5.63 and its two-hundred day moving average is $5.51. The company has a market capitalization of $66.06 million, a price-to-earnings ratio of 11.79 and a beta of 0.48.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.01). The firm had revenue of $2.36 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.
Institutional Trading of Manhattan Bridge Capital
Several large investors have recently made changes to their positions in the business. Soltis Investment Advisors LLC acquired a new position in Manhattan Bridge Capital during the third quarter valued at $14,758,000. Hardy Reed LLC raised its stake 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 valued at $2,075,000 after buying an additional 26,733 shares during the last quarter. Melia Wealth LLC lifted its holdings in shares of Manhattan Bridge Capital by 3.0% in the 4th 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. Cary Street Partners Financial LLC purchased a new stake in shares of Manhattan Bridge Capital in the fourth quarter worth about $1,684,000. Finally, Avant Financial Advisors LLC acquired a new stake in Manhattan Bridge Capital during the fourth quarter worth about $1,626,000. 21.84% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
Before you consider Manhattan Bridge Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manhattan Bridge Capital wasn't on the list.
While Manhattan Bridge Capital currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
