StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Free Report) in a research report sent to investors on Saturday morning. The firm issued a strong-buy rating on the credit services provider's stock.
Manhattan Bridge Capital Trading Up 0.6 %
Shares of LOAN traded up $0.03 during mid-day trading on Friday, hitting $5.08. The company's stock had a trading volume of 4,932 shares, compared to its average volume of 21,776. The firm has a 50-day simple moving average of $5.11 and a 200 day simple moving average of $4.92. The firm has a market capitalization of $58.11 million, a P/E ratio of 10.16 and a beta of 0.61. Manhattan Bridge Capital has a 1-year low of $4.27 and a 1-year high of $5.35.
Institutional Trading of Manhattan Bridge Capital
Hedge funds have recently modified their holdings of the business. National Bank of Canada FI lifted its holdings in shares of Manhattan Bridge Capital by 195.0% in the 4th quarter. National Bank of Canada FI now owns 5,900 shares of the credit services provider's stock valued at $28,000 after buying an additional 3,900 shares during the period. Bellwether Advisors LLC lifted its holdings in shares of Manhattan Bridge Capital by 10.5% in the 4th quarter. Bellwether Advisors LLC now owns 178,180 shares of the credit services provider's stock valued at $886,000 after buying an additional 16,956 shares during the period. Wealthcare Advisory Partners LLC acquired a new stake in shares of Manhattan Bridge Capital in the 4th quarter valued at approximately $270,000. Pinnacle Wealth Planning Services Inc. raised its holdings in Manhattan Bridge Capital by 122.2% during the fourth quarter. Pinnacle Wealth Planning Services Inc. now owns 113,446 shares of the credit services provider's stock worth $564,000 after purchasing an additional 62,385 shares during the last quarter. Finally, Perritt Capital Management Inc. raised its holdings in Manhattan Bridge Capital by 506.7% during the third quarter. Perritt Capital Management Inc. now owns 29,462 shares of the credit services provider's stock worth $141,000 after purchasing an additional 24,606 shares during the last quarter. 21.84% of the stock is owned by institutional investors and hedge funds.
About Manhattan Bridge Capital
(
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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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