StockNews.com initiated coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Free Report) in a research note published on Saturday. The brokerage issued a strong-buy rating on the credit services provider’s stock.
Manhattan Bridge Capital Trading Up 1.4 %
Shares of LOAN opened at $5.68 on Friday. Manhattan Bridge Capital has a 12-month low of $4.69 and a 12-month high of $5.90. The firm has a 50-day moving average price of $5.60 and a 200 day moving average price of $5.48. The firm has a market capitalization of $64.97 million, a P/E ratio of 11.59 and a beta of 0.48.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last announced its quarterly earnings data on Wednesday, March 12th. The credit services provider reported $0.11 earnings per share (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.
Manhattan Bridge Capital Announces Dividend
Institutional Inflows and Outflows
Several hedge funds have recently bought and sold shares of LOAN. Advisory Services Network LLC purchased a new position in Manhattan Bridge Capital during the fourth quarter worth about $97,000. OLIO Financial Planning purchased a new position in Manhattan Bridge Capital during the fourth quarter worth about $117,000. NewEdge Advisors LLC boosted its stake in Manhattan Bridge Capital by 28.4% during the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider’s stock worth $157,000 after buying an additional 6,215 shares during the period. Atria Wealth Solutions Inc. boosted 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 worth $159,000 after buying an additional 3,324 shares during the period. Finally, LPL Financial LLC acquired a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth about $169,000. Hedge funds and other 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.
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