Equities researchers at StockNews.com initiated coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research report issued to clients and investors on Saturday. The brokerage set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Performance
Shares of LOAN traded up $0.08 during mid-day trading on Friday, reaching $5.33. The stock had a trading volume of 10,452 shares, compared to its average volume of 13,395. The business has a fifty day moving average of $5.41 and a 200 day moving average of $5.28. The firm has a market cap of $60.98 million, a price-to-earnings ratio of 10.88 and a beta of 0.58. Manhattan Bridge Capital has a 12 month low of $4.27 and a 12 month high of $5.90.
Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share for the quarter, hitting the consensus estimate of $0.12. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The company had revenue of $2.31 million during the quarter.
Institutional Investors Weigh In On Manhattan Bridge Capital
Institutional investors and hedge funds have recently modified their holdings of the stock. Soltis Investment Advisors LLC bought a new position in Manhattan Bridge Capital during the third quarter valued at approximately $14,758,000. Geode Capital Management LLC increased its position in Manhattan Bridge Capital by 2.7% in the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock worth $635,000 after purchasing an additional 3,008 shares during the last quarter. Beese Fulmer Investment Management Inc. grew its stake in shares of Manhattan Bridge Capital by 53.4% in the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider's stock worth $724,000 after buying an additional 45,222 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Manhattan Bridge Capital by 441.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider's stock worth $817,000 after buying an additional 119,595 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Manhattan Bridge Capital by 35.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider's stock valued at $120,000 after buying an additional 6,117 shares in the last quarter. Institutional investors own 21.84% of the company's stock.
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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