Equities researchers at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a report released on Sunday. The firm set a "strong-buy" rating on the credit services provider's stock.
Manhattan Bridge Capital Stock Down 1.6 %
Shares of NASDAQ:LOAN traded down $0.09 on Friday, hitting $5.53. 7,465 shares of the company traded hands, compared to its average volume of 16,576. The stock has a 50 day simple moving average of $5.51 and a 200-day simple moving average of $5.40. The company has a market cap of $63.26 million, a PE ratio of 11.29 and a beta of 0.55. Manhattan Bridge Capital has a 52 week low of $4.60 and a 52 week 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 (EPS) for the quarter, hitting the consensus estimate of $0.12. The firm had revenue of $2.31 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.
Hedge Funds Weigh In On Manhattan Bridge Capital
A number of institutional investors and hedge funds have recently modified their holdings of the company. OLIO Financial Planning bought a new position in Manhattan Bridge Capital in the 4th quarter worth $117,000. B. Riley Wealth Advisors Inc. increased its position in Manhattan Bridge Capital by 35.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider's stock worth $120,000 after buying an additional 6,117 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of 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 buying an additional 3,008 shares during the period. Beese Fulmer Investment Management Inc. raised its stake in shares of Manhattan Bridge Capital by 53.4% in the third 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 during the period. Finally, International Assets Investment Management LLC lifted its position in shares of Manhattan Bridge Capital by 441.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider's stock valued at $817,000 after buying an additional 119,595 shares in the last quarter. 21.84% of the stock is currently 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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