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

Equities researchers at StockNews.com started 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

LOAN stock opened at $5.95 on Monday. The stock has a market cap of $68.06 million, a price-to-earnings ratio of 12.14 and a beta of 0.48. The company has a 50 day simple moving average of $5.65 and a 200 day simple moving average of $5.53. Manhattan Bridge Capital has a 1 year low of $4.89 and a 1 year high of $6.00.

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

Institutional Trading of Manhattan Bridge Capital

Several institutional investors have recently modified their holdings of LOAN. Geode Capital Management LLC lifted its position in shares of Manhattan Bridge Capital by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 3,008 shares during the period. Soltis Investment Advisors LLC bought a new position in Manhattan Bridge Capital in the 3rd quarter valued at about $14,758,000. Atria Wealth Solutions Inc. boosted its position in shares of 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 buying an additional 3,324 shares during the last quarter. Fortress Financial Solutions LLC purchased a new position in Manhattan Bridge Capital during the 4th quarter worth $685,000. Finally, OLIO Financial Planning bought a new position in shares of Manhattan Bridge Capital during the fourth quarter valued at about $117,000. 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.