Bard Associates Inc. Has $2.03 Million Holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Bard Associates Inc. decreased its position in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 364,817 shares of the credit services provider’s stock after selling 3,850 shares during the period. Bard Associates Inc. owned about 3.19% of Manhattan Bridge Capital worth $2,032,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Beese Fulmer Investment Management Inc. raised its stake in shares of Manhattan Bridge Capital by 53.4% in the third quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock worth $724,000 after acquiring an additional 45,222 shares during the last quarter. International Assets Investment Management LLC raised its position in Manhattan Bridge Capital by 441.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after purchasing an additional 119,595 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in Manhattan Bridge Capital by 35.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock worth $120,000 after buying an additional 6,117 shares in the last quarter. Renaissance Technologies LLC boosted its position in Manhattan Bridge Capital by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock valued at $963,000 after buying an additional 21,950 shares during the last quarter. Finally, Waddell & Associates LLC increased its position in Manhattan Bridge Capital by 3.9% in the second quarter. Waddell & Associates LLC now owns 77,118 shares of the credit services provider’s stock worth $396,000 after purchasing an additional 2,861 shares during the period. Institutional investors own 21.84% of the company’s stock.

Manhattan Bridge Capital Stock Performance

LOAN opened at $5.32 on Friday. Manhattan Bridge Capital, Inc. has a twelve month low of $4.27 and a twelve month high of $5.90. The firm’s fifty day moving average is $5.40 and its two-hundred day moving average is $5.27. The firm has a market cap of $60.87 million, a PE ratio of 10.86 and a beta of 0.58.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings results on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.12. The company had revenue of $2.31 million for the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Manhattan Bridge Capital in a research report on Friday. They set a “strong-buy” rating for the company.

Manhattan Bridge Capital Profile

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.