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.
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