Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Shares Sold by Bellwether Advisors LLC

Bellwether Advisors LLC lessened its stake in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 21.8% in the third quarter, Holdings Channel reports. The fund owned 105,585 shares of the credit services provider’s stock after selling 29,489 shares during the quarter. Bellwether Advisors LLC’s holdings in Manhattan Bridge Capital were worth $588,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Riversedge Advisors LLC acquired a new position in shares of Manhattan Bridge Capital during the second quarter worth $68,000. Virtu Financial LLC purchased a new stake in Manhattan Bridge Capital during the 1st quarter worth $69,000. B. Riley Wealth Advisors Inc. lifted its holdings in 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 worth $82,000 after buying an additional 6,923 shares in the last quarter. Waddell & Associates LLC boosted its position in Manhattan Bridge Capital by 3.9% in the 2nd 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. Finally, Beese Fulmer Investment Management Inc. purchased a new position in Manhattan Bridge Capital in the 2nd quarter valued at about $436,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on Manhattan Bridge Capital in a research note on Friday, November 15th. They issued a “strong-buy” rating on the stock.

Manhattan Bridge Capital Stock Down 0.2 %

Shares of LOAN opened at $5.30 on Wednesday. The firm has a market cap of $60.63 million, a price-to-earnings ratio of 10.82 and a beta of 0.58. The business’s 50 day moving average is $5.41 and its two-hundred day moving average is $5.28. Manhattan Bridge Capital, Inc. has a 52-week low of $4.27 and a 52-week high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOAN) last issued its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%. The business had revenue of $2.31 million during the quarter.

Manhattan Bridge Capital 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.