StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Free Report) in a research report report published on Saturday morning. The firm issued a strong-buy rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Up 1.1 %
Manhattan Bridge Capital stock opened at $5.63 on Friday. The stock has a market cap of $64.45 million, a P/E ratio of 11.27 and a beta of 0.58. Manhattan Bridge Capital has a 12 month low of $4.27 and a 12 month high of $5.66. The company’s fifty day simple moving average is $5.27 and its 200-day simple moving average is $5.18.
Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) last issued its quarterly earnings data on Monday, July 22nd. The credit services provider reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $2.44 million during the quarter. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%.
Manhattan Bridge Capital Dividend Announcement
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of LOAN. Renaissance Technologies LLC lifted its holdings in shares of Manhattan Bridge Capital by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock worth $963,000 after acquiring an additional 21,950 shares during the period. Pinnacle Wealth Planning Services Inc. grew its holdings in shares of Manhattan Bridge Capital by 24.7% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 141,494 shares of the credit services provider’s stock worth $716,000 after purchasing an additional 28,048 shares during the last quarter. PDS Planning Inc acquired a new stake in shares of Manhattan Bridge Capital in the first quarter valued at $499,000. Beese Fulmer Investment Management Inc. bought a new position in shares of Manhattan Bridge Capital in the second quarter valued at about $436,000. Finally, Waddell & Associates LLC raised its holdings in shares of Manhattan Bridge Capital by 3.9% in the second quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock valued at $396,000 after buying an additional 2,861 shares during the last quarter. 21.84% of the stock is 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.
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