Manhattan Bridge Capital (NASDAQ:LOAN) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note issued to investors on Tuesday morning. The brokerage issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Performance

Shares of LOAN opened at $5.42 on Tuesday. Manhattan Bridge Capital has a one year low of $4.27 and a one year high of $5.90. The stock has a 50-day moving average price of $5.34 and a 200 day moving average price of $5.23. The company has a market capitalization of $62.00 million, a P/E ratio of 10.84 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 EPS for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.44 million during the quarter. Manhattan Bridge Capital had a return on equity of 13.20% and a net margin of 56.72%.

Institutional Investors Weigh In On Manhattan Bridge Capital

Several hedge funds and other institutional investors have recently modified their holdings of LOAN. Riversedge Advisors LLC acquired a new position in Manhattan Bridge Capital in the second quarter worth about $68,000. Virtu Financial LLC acquired a new position in shares of Manhattan Bridge Capital in the 1st quarter worth approximately $69,000. B. Riley Wealth Advisors Inc. increased its holdings in shares of Manhattan Bridge Capital by 67.8% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the credit services provider’s stock valued at $82,000 after acquiring an additional 6,923 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Manhattan Bridge Capital during the 1st quarter valued at approximately $234,000. Finally, Waddell & Associates LLC lifted its stake in Manhattan Bridge Capital by 3.9% during the second quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock worth $396,000 after purchasing an additional 2,861 shares during 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.