Analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) in a research note issued on Tuesday. The brokerage set a “strong-buy” rating on the credit services provider’s stock.
Manhattan Bridge Capital Stock Performance
Shares of NASDAQ:LOAN opened at $5.57 on Tuesday. The company has a fifty day moving average of $5.59 and a 200-day moving average of $5.43. The company has a market capitalization of $63.72 million, a PE ratio of 11.37 and a beta of 0.55. Manhattan Bridge Capital has a 52-week low of $4.60 and a 52-week high of $5.90.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. OLIO Financial Planning acquired a new stake in Manhattan Bridge Capital in the fourth quarter valued at $117,000. Atria Wealth Solutions Inc. increased its holdings in Manhattan Bridge Capital by 13.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock valued at $159,000 after purchasing an additional 3,324 shares during the period. LPL Financial LLC acquired a new stake in Manhattan Bridge Capital in the fourth quarter valued at $169,000. Capital Management Associates Inc acquired a new stake in Manhattan Bridge Capital in the fourth quarter valued at $184,000. Finally, Geode Capital Management LLC increased its holdings in Manhattan Bridge Capital by 2.7% in the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock valued at $635,000 after purchasing an additional 3,008 shares during the period. 21.84% of the stock is currently owned by institutional investors and hedge funds.
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.
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