Manhattan Bridge Capital (NASDAQ:LOAN) Coverage Initiated by Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a report released on Thursday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Price Performance

Manhattan Bridge Capital stock opened at $5.22 on Thursday. Manhattan Bridge Capital has a 12-month low of $4.27 and a 12-month high of $5.59. The business’s 50-day moving average price is $5.26 and its two-hundred day moving average price is $5.12. The stock has a market cap of $59.72 million, a PE ratio of 10.44 and a beta of 0.58.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%. The firm had revenue of $2.44 million for the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LOAN. PDS Planning Inc acquired a new stake in shares of Manhattan Bridge Capital during the first quarter valued at about $499,000. Beese Fulmer Investment Management Inc. acquired a new stake in shares of Manhattan Bridge Capital during the second quarter valued at about $436,000. Melia Wealth LLC acquired a new stake in shares of Manhattan Bridge Capital during the first quarter valued at about $315,000. North Star Investment Management Corp. acquired a new stake in shares of Manhattan Bridge Capital during the first quarter valued at about $234,000. Finally, Abacus Wealth Partners LLC boosted its stake in shares of Manhattan Bridge Capital by 288.7% during the first quarter. Abacus Wealth Partners LLC now owns 56,216 shares of the credit services provider’s stock valued at $284,000 after purchasing an additional 41,752 shares in the last quarter. Institutional investors own 21.84% of the company’s 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.