Equities research analysts at StockNews.com initiated coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report released on Monday. The firm set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
Manhattan Bridge Capital stock traded down $0.07 during trading on Monday, hitting $5.87. The company's stock had a trading volume of 21,811 shares, compared to its average volume of 18,939. The stock's fifty day moving average is $5.66 and its 200 day moving average is $5.54. Manhattan Bridge Capital has a 1-year low of $4.89 and a 1-year high of $6.05. The stock has a market capitalization of $67.15 million, a price-to-earnings ratio of 11.98 and a beta of 0.26.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings results on Wednesday, March 12th. The credit services provider reported $0.11 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.01). The business had revenue of $2.36 million during the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.
Institutional Trading of Manhattan Bridge Capital
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Manhattan Bridge Capital by 2.7% during the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock valued at $635,000 after acquiring an additional 3,008 shares during the period. Soltis Investment Advisors LLC acquired a new position in shares of Manhattan Bridge Capital in the 3rd quarter valued at about $14,758,000. Atria Wealth Solutions Inc. grew its holdings in shares of Manhattan Bridge Capital by 13.5% during the 4th quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider's stock worth $159,000 after purchasing an additional 3,324 shares during the period. Fortress Financial Solutions LLC acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth approximately $685,000. Finally, OLIO Financial Planning purchased a new position in Manhattan Bridge Capital in the fourth quarter valued at approximately $117,000. 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.
Read More
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
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
