Manhattan Bridge Capital (NASDAQ:LOAN) Receives New Coverage from Analysts at StockNews.com

StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a report released on Sunday. The brokerage issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Trading Up 3.0 %

Shares of NASDAQ:LOAN opened at $5.22 on Friday. Manhattan Bridge Capital has a 1-year low of $4.27 and a 1-year high of $5.35. The firm has a market capitalization of $59.72 million, a PE ratio of 10.44 and a beta of 0.61. The business’s 50 day moving average is $5.11 and its 200-day moving average is $4.94.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors have recently bought and sold shares of LOAN. International Assets Investment Management LLC boosted its stake in Manhattan Bridge Capital by 447.4% in the 4th quarter. International Assets Investment Management LLC now owns 126,196 shares of the credit services provider’s stock valued at $627,000 after buying an additional 103,143 shares in the last quarter. PDS Planning Inc acquired a new stake in Manhattan Bridge Capital in the 1st quarter valued at $499,000. Pinnacle Wealth Planning Services Inc. boosted its stake in Manhattan Bridge Capital by 122.2% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 113,446 shares of the credit services provider’s stock valued at $564,000 after buying an additional 62,385 shares in the last quarter. Melia Wealth LLC acquired a new stake in Manhattan Bridge Capital in the 1st quarter valued at $315,000. Finally, Wealthcare Advisory Partners LLC acquired a new stake in Manhattan Bridge Capital in the 4th quarter valued at $270,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

About Manhattan Bridge Capital

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.