Manhattan Bridge Capital Receives 'Strong-Buy' Rating from StockNews.com

Financial analysis platform StockNews.com has started to cover Manhattan Bridge Capital (NASDAQ: LOAN), issuing a report on Friday that awards the company with a 'strong-buy' rating. Observers see this move as a positive assessment of the credit services provider's stock, which signifies confidence in its future performance.

Opening Figures and Market Performance

The company's shares started trading at $4.82 on the release day. Throughout the past year, Manhattan Bridge Capital has seen a low and high share price of $4.27 and $5.70, respectively. Currently, the stock maintains a fifty-day simple moving average of $4.83, with a slightly lower two-hundred-day simple moving average at $4.72. With these statistics, the market capitalization stands at approximately $55.19 million, accompanied by a price-to-earnings (P/E) ratio of 9.84 and a 0.60 beta, indicating moderate volatility.

Investor Activity Around Manhattan Bridge Capital

Recent times have witnessed varying degrees of investment activity around Manhattan Bridge Capital. The 4th quarter saw National Bank of Canada FI dramatically increase its stake by 195.0%, owning 5,900 shares valued at around $28,000. Other investment entities, such as Independent Wealth Network Inc., Certuity LLC, Atria Wealth Solutions Inc., and Moneta Group Investment Advisors LLC, have either initiated or increased their holdings in the company's stock. Currently, institutional investors hold approximately 17.81% of Manhattan Bridge Capital's shares.

The Company's Business Model

As a dedicated real estate finance company, Manhattan Bridge Capital specializes in originating, servicing, and managing a portfolio of first mortgage loans. These short-term loans cater to real estate investors, allowing them to procure, renovate, and develop residential or commercial properties. Their primary geographic focus spans across the vibrant New York metropolitan area, extending into New Jersey and Connecticut as well as Florida.

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