Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Stock Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC boosted its stake in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Free Report) by 441.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 146,682 shares of the credit services provider's stock after purchasing an additional 119,595 shares during the period. International Assets Investment Management LLC owned about 1.28% of Manhattan Bridge Capital worth $817,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Riversedge Advisors LLC bought a new position in Manhattan Bridge Capital during the second quarter valued at approximately $68,000. Virtu Financial LLC acquired a new position in shares of Manhattan Bridge Capital in the first quarter valued at about $69,000. B. Riley Wealth Advisors Inc. boosted its holdings in Manhattan Bridge Capital by 67.8% in the first quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the credit services provider's stock valued at $82,000 after purchasing an additional 6,923 shares during the last quarter. Waddell & Associates LLC raised its stake in shares of Manhattan Bridge Capital by 3.9% during the 2nd quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider's stock worth $396,000 after buying an additional 2,861 shares during the period. Finally, Beese Fulmer Investment Management Inc. acquired a new stake in shares of Manhattan Bridge Capital in the second quarter valued at about $436,000. 21.84% of the stock is currently owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Trading Up 0.4 %

Shares of LOAN traded up $0.02 during mid-day trading on Tuesday, hitting $5.36. 4,184 shares of the company's stock were exchanged, compared to its average volume of 20,982. The business's 50 day moving average is $5.37 and its two-hundred day moving average is $5.25. Manhattan Bridge Capital, Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $5.90. The firm has a market capitalization of $61.31 million, a P/E ratio of 11.00 and a beta of 0.58.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12. The business had revenue of $2.31 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a research note on Wednesday, October 30th. They set a "strong-buy" rating on the stock.

Manhattan Bridge Capital Company Profile

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.