Separately, Aegis reiterated a “hold” rating on shares of Manhattan Bridge Capital in a research note on Monday, January 13th.
Shares of LOAN stock traded down $0.13 during trading hours on Thursday, reaching $3.82. 60,800 shares of the stock traded hands, compared to its average volume of 44,094. Manhattan Bridge Capital has a 1-year low of $2.54 and a 1-year high of $6.73. The business has a fifty day moving average price of $5.00 and a 200 day moving average price of $5.98. The firm has a market capitalization of $37.21 million, a PE ratio of 8.13 and a beta of 0.74.
In other news, CEO Assaf Ran acquired 8,000 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was acquired at an average cost of $3.23 per share, with a total value of $25,840.00. Over the last ninety days, insiders have purchased 25,000 shares of company stock valued at $87,440. 27.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LOAN. J.W. Cole Advisors Inc. bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth $303,000. Centric Wealth Management bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth $42,000. Renaissance Technologies LLC boosted its holdings in Manhattan Bridge Capital by 15.7% in the 4th quarter. Renaissance Technologies LLC now owns 228,062 shares of the credit services provider’s stock valued at $1,450,000 after purchasing an additional 31,000 shares during the period. Csenge Advisory Group bought a new stake in Manhattan Bridge Capital in the 4th quarter valued at $29,000. Finally, National Asset Management Inc. boosted its holdings in Manhattan Bridge Capital by 20.7% in the 4th quarter. National Asset Management Inc. now owns 52,992 shares of the credit services provider’s stock valued at $338,000 after purchasing an additional 9,093 shares during the period. 13.69% of the stock is owned by institutional investors and hedge funds.
Manhattan Bridge Capital Company Profile
Manhattan Bridge Capital, Inc, a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.
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