Manhattan Bridge Capital (NASDAQ:LOAN) Receives New Coverage from Analysts at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) in a research note issued to investors on Friday. The brokerage set a "strong-buy" rating on the credit services provider's stock.Manhattan Bridge Capital Stock PerformanceShares of LOAN opened at $5.29 on Friday. The stock has a market capitalization of $60.51 million, a P/E ratio of 10.58 and a beta of 0.58. Manhattan Bridge Capital has a 1 year low of $4.27 and a 1 year high of $5.59. The company's fifty day moving average is $5.25 and its two-hundred day moving average is $5.13. Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last issued its quarterly earnings results on Monday, July 22nd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.12. The business had revenue of $2.44 million for the quarter. Manhattan Bridge Capital had a net margin of 56.72% and a return on equity of 13.20%. Institutional Inflows and OutflowsInstitutional investors and hedge funds have recently bought and sold shares of the business. PDS Planning Inc purchased a new stake in shares of Manhattan Bridge Capital during the 1st quarter worth $499,000. Beese Fulmer Investment Management Inc. acquired a new stake in shares of Manhattan Bridge Capital in the second quarter valued at about $436,000. Melia Wealth LLC purchased a new stake in Manhattan Bridge Capital during the first quarter worth about $315,000. North Star Investment Management Corp. acquired a new position in Manhattan Bridge Capital during the first quarter worth about $234,000. Finally, Abacus Wealth Partners LLC increased its holdings in Manhattan Bridge Capital by 288.7% in the first quarter. Abacus Wealth Partners LLC now owns 56,216 shares of the credit services provider's stock valued at $284,000 after buying an additional 41,752 shares in the last quarter. Institutional investors and hedge funds own 21.84% of the company's stock. About Manhattan Bridge Capital (Get Free Report)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.Featured StoriesFive stocks we like better than Manhattan Bridge CapitalHow to buy stock: A step-by-step guide for beginners Edgewise Therapeutics Soars 50%: Key Reasons Behind the SurgeOptions Trading - Understanding Strike PriceHow the Fed’s Rate Cut Could Supercharge These 3 ETFsHow to Use the MarketBeat Excel Dividend CalculatorMicrosoft Stock: 3 Reasons It’s Ready to Crush Q4This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.→ Who are Nvidia’s New Silent Partners? (From Weiss Ratings) (Ad)Should you invest $1,000 in Manhattan Bridge Capital right now?Before you consider Manhattan Bridge Capital, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Manhattan Bridge Capital wasn't on the list.While Manhattan Bridge Capital currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here