StockNews.com Initiates Coverage on Manhattan Bridge Capital (NASDAQ:LOAN)

Analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note issued on Monday. The firm set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ LOAN opened at $5.82 on Monday. The stock has a market cap of $66.57 million, a PE ratio of 11.88 and a beta of 0.48. Manhattan Bridge Capital has a 1 year low of $4.89 and a 1 year high of $5.90. The firm has a fifty day moving average price of $5.64 and a 200-day moving average price of $5.52.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its earnings results on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). The firm had revenue of $2.36 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Gen Wealth Partners Inc raised its position in shares of Manhattan Bridge Capital by 5.1% during the fourth quarter. Gen Wealth Partners Inc now owns 38,740 shares of the credit services provider’s stock valued at $217,000 after buying an additional 1,896 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Manhattan Bridge Capital by 2.7% during the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock worth $635,000 after acquiring an additional 3,008 shares during the last quarter. Atria Wealth Solutions Inc. grew its stake in Manhattan Bridge Capital by 13.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock valued at $159,000 after acquiring an additional 3,324 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Manhattan Bridge Capital by 28.4% in the 4th quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock valued at $157,000 after acquiring an additional 6,215 shares during the last quarter. Finally, Melia Wealth LLC increased its holdings in Manhattan Bridge Capital by 3.0% in the 4th quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider’s stock valued at $1,966,000 after acquiring an additional 10,301 shares during the last quarter. 21.84% of the stock is currently owned by institutional investors.

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.