Manhattan Bridge Capital (NASDAQ:LOAN) CEO Assaf Ran Acquires 8,000 Shares

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) CEO Assaf Ran acquired 8,000 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was purchased at an average price of $3.99 per share, for a total transaction of $31,920.00. Following the completion of the purchase, the chief executive officer directly owned 1,235,000 shares in the company, valued at $4,927,650. This trade represents a 0.65% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Manhattan Bridge Capital Price Performance

NASDAQ:LOAN traded up $0.18 on Tuesday, reaching $4.09. 57,462 shares of the company’s stock were exchanged, compared to its average volume of 30,186. Manhattan Bridge Capital, Inc has a 52 week low of $3.90 and a 52 week high of $5.80. The firm has a market cap of $46.81 million, a price-to-earnings ratio of 9.75 and a beta of 0.14. The stock has a fifty day simple moving average of $4.32 and a 200-day simple moving average of $4.40.

Manhattan Bridge Capital (NASDAQ:LOAN) last released its quarterly earnings data on Thursday, July 23rd. The credit services provider reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The firm had revenue of $0.00 million during the quarter, compared to the consensus estimate of $2.04 million. Manhattan Bridge Capital had a net margin of 58.30% and a return on equity of 11.02%.

Analyst Ratings Changes

Separately, Weiss Ratings lowered shares of Manhattan Bridge Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Manhattan Bridge Capital currently has a consensus rating of “Hold”.

Hedge Funds Weigh In On Manhattan Bridge Capital

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. lifted its position in Manhattan Bridge Capital by 140.7% in the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 3,292 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of Manhattan Bridge Capital by 28.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 19,516 shares of the credit services provider’s stock worth $91,000 after purchasing an additional 4,300 shares during the last quarter. Rothschild Wealth LLC purchased a new position in shares of Manhattan Bridge Capital in the fourth quarter worth $118,000. Kestra Advisory Services LLC increased its stake in shares of Manhattan Bridge Capital by 94.2% in the fourth quarter. Kestra Advisory Services LLC now owns 25,877 shares of the credit services provider’s stock worth $120,000 after buying an additional 12,553 shares during the period. Finally, International Assets Investment Management LLC boosted its position in Manhattan Bridge Capital by 8.8% during the 4th quarter. International Assets Investment Management LLC now owns 29,595 shares of the credit services provider’s stock valued at $138,000 after buying an additional 2,384 shares during the period. 21.84% of the stock is owned by hedge funds and other institutional investors.

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.