StockNews.com Initiates Coverage on Manhattan Bridge Capital (NASDAQ:LOAN)

Stock analysts at StockNews.com assumed coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note issued to investors on Monday. The firm set a “strong-buy” rating on the credit services provider’s stock.

Manhattan Bridge Capital Price Performance

LOAN opened at $5.25 on Monday. The firm’s fifty day moving average price is $5.12 and its 200 day moving average price is $4.96. The stock has a market capitalization of $60.06 million, a PE ratio of 10.50 and a beta of 0.59. Manhattan Bridge Capital has a 12-month low of $4.27 and a 12-month high of $5.35.

Institutional Trading of Manhattan Bridge Capital

Several institutional investors have recently added to or reduced their stakes in LOAN. International Assets Investment Management LLC grew its position in shares of Manhattan Bridge Capital by 447.4% during the 4th quarter. International Assets Investment Management LLC now owns 126,196 shares of the credit services provider’s stock valued at $627,000 after buying an additional 103,143 shares during the last quarter. PDS Planning Inc bought a new position in shares of Manhattan Bridge Capital during the first quarter valued at approximately $499,000. Pinnacle Wealth Planning Services Inc. raised its position in shares of Manhattan Bridge Capital by 122.2% during the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 113,446 shares of the credit services provider’s stock worth $564,000 after purchasing an additional 62,385 shares during the period. Melia Wealth LLC bought a new stake in shares of Manhattan Bridge Capital in the 1st quarter worth approximately $315,000. Finally, Wealthcare Advisory Partners LLC acquired a new position in Manhattan Bridge Capital during the 4th quarter valued at approximately $270,000. Institutional investors own 21.84% of the company’s stock.

About Manhattan Bridge Capital

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.