Manhattan Bridge Capital (NASDAQ:LOAN) Now Covered by Analysts at StockNews.com

Analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research report issued on Sunday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Performance

Manhattan Bridge Capital stock opened at $5.62 on Friday. Manhattan Bridge Capital has a 1 year low of $4.60 and a 1 year high of $5.90. The firm’s 50 day moving average price is $5.52 and its two-hundred day moving average price is $5.40. The firm has a market cap of $64.29 million, a price-to-earnings ratio of 11.47 and a beta of 0.55.

Institutional Trading of Manhattan Bridge Capital

Institutional investors and hedge funds have recently bought and sold shares of the stock. Soltis Investment Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the third quarter worth approximately $14,758,000. International Assets Investment Management LLC grew its position in Manhattan Bridge Capital by 441.5% during the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after purchasing an additional 119,595 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in Manhattan Bridge Capital by 53.4% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock valued at $724,000 after purchasing an additional 45,222 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Manhattan Bridge Capital by 13.3% in the second quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock valued at $963,000 after purchasing an additional 21,950 shares in the last quarter. Finally, OLIO Financial Planning acquired a new stake in shares of Manhattan Bridge Capital in the fourth quarter worth $117,000. Institutional investors and hedge funds 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.