Research analysts at StockNews.com initiated coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a report released on Friday. The firm set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Price Performance
Shares of LOAN stock opened at $5.58 on Friday. The stock’s 50-day moving average is $5.61 and its 200 day moving average is $5.46. Manhattan Bridge Capital has a 1-year low of $4.60 and a 1-year high of $5.90. The company has a market cap of $63.83 million, a P/E ratio of 11.39 and a beta of 0.55.
Institutional Investors Weigh In On Manhattan Bridge Capital
Institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at $97,000. OLIO Financial Planning acquired a new position in Manhattan Bridge Capital during the 4th quarter valued at about $117,000. Atria Wealth Solutions Inc. raised its stake in Manhattan Bridge Capital by 13.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock valued at $159,000 after buying an additional 3,324 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Manhattan Bridge Capital by 28.4% in the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock worth $157,000 after acquiring an additional 6,215 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth about $169,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.
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.
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