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

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

Manhattan Bridge Capital Price Performance

Shares of Manhattan Bridge Capital stock opened at $5.25 on Monday. Manhattan Bridge Capital has a one year low of $4.27 and a one year high of $5.35. The business’s 50 day simple moving average is $5.12 and its two-hundred day simple moving average is $4.96. The stock has a market capitalization of $60.06 million, a P/E ratio of 10.50 and a beta of 0.59.

Institutional Trading of Manhattan Bridge Capital

Several large investors have recently modified their holdings of LOAN. National Bank of Canada FI raised its stake in Manhattan Bridge Capital by 195.0% in the fourth quarter. National Bank of Canada FI now owns 5,900 shares of the credit services provider’s stock worth $28,000 after buying an additional 3,900 shares in the last quarter. Certuity LLC purchased a new position in shares of Manhattan Bridge Capital in the 4th quarter valued at approximately $54,000. Virtu Financial LLC bought a new position in Manhattan Bridge Capital in the first quarter worth $69,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Manhattan Bridge Capital by 67.8% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 17,133 shares of the credit services provider’s stock valued at $82,000 after buying an additional 6,923 shares in the last quarter. Finally, Frazier Financial Advisors LLC purchased a new stake in shares of Manhattan Bridge Capital in the 4th quarter worth about $206,000. 21.84% of the stock is owned by institutional investors.

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.