Manhattan Bridge Capital (NASDAQ:LOAN – Get Free Report) announced its earnings results on Thursday. The credit services provider reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01), FiscalAI reports. Manhattan Bridge Capital had a return on equity of 11.59% and a net margin of 59.24%.The business had revenue of $0.00 million during the quarter, compared to the consensus estimate of $2.06 million.
Manhattan Bridge Capital Stock Performance
NASDAQ:LOAN traded down $0.08 during mid-day trading on Thursday, reaching $4.10. The stock had a trading volume of 53,612 shares, compared to its average volume of 29,304. The firm has a 50 day moving average price of $4.33 and a two-hundred day moving average price of $4.41. The stock has a market capitalization of $46.86 million, a P/E ratio of 9.32 and a beta of 0.14. Manhattan Bridge Capital has a one year low of $4.10 and a one year high of $5.80.
Hedge Funds Weigh In On Manhattan Bridge Capital
A number of large investors have recently added to or reduced their stakes in the business. Mercer Global Advisors Inc. ADV grew its position in Manhattan Bridge Capital by 28.8% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock worth $1,996,000 after acquiring an additional 81,220 shares during the last quarter. Gen Wealth Partners Inc bought a new position in shares of Manhattan Bridge Capital in the fourth quarter worth approximately $161,000. Citadel Advisors LLC purchased a new position in shares of Manhattan Bridge Capital in the third quarter worth $149,000. Rothschild Wealth LLC purchased a new position in shares of Manhattan Bridge Capital in the fourth quarter valued at about $118,000. Finally, Moneta Group Investment Advisors LLC raised its stake in shares of Manhattan Bridge Capital by 72.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 31,310 shares of the credit services provider’s stock valued at $146,000 after acquiring an additional 13,139 shares during the last quarter. Hedge funds and other institutional investors own 21.84% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on LOAN
About Manhattan Bridge Capital
Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.
Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.
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