Manhattan Bridge Capital (NASDAQ:LOAN) Stock Crosses Below 200 Day Moving Average – What’s Next?

Manhattan Bridge Capital, Inc (NASDAQ:LOAN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.07 and traded as low as $4.47. Manhattan Bridge Capital shares last traded at $4.49, with a volume of 18,816 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Manhattan Bridge Capital in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Manhattan Bridge Capital presently has an average rating of “Hold”.

Manhattan Bridge Capital Trading Down 0.4%

The stock’s 50 day moving average price is $4.69 and its two-hundred day moving average price is $5.07. The firm has a market capitalization of $51.37 million, a PE ratio of 9.76 and a beta of 0.25.

Institutional Investors Weigh In On Manhattan Bridge Capital

A number of institutional investors have recently bought and sold shares of the stock. Atria Wealth Solutions Inc. boosted its holdings in Manhattan Bridge Capital by 57.2% in the second quarter. Atria Wealth Solutions Inc. now owns 39,871 shares of the credit services provider’s stock valued at $218,000 after acquiring an additional 14,513 shares during the last quarter. Melia Wealth LLC grew its stake in Manhattan Bridge Capital by 4.9% during the 2nd quarter. Melia Wealth LLC now owns 378,533 shares of the credit services provider’s stock valued at $2,071,000 after purchasing an additional 17,615 shares in the last quarter. Frazier Financial Advisors LLC bought a new position in Manhattan Bridge Capital during the 2nd quarter valued at $112,000. International Assets Investment Management LLC bought a new stake in shares of Manhattan Bridge Capital in the 2nd quarter valued at approximately $149,000. Finally, Fortress Financial Solutions LLC grew its position in shares of Manhattan Bridge Capital by 3.9% during the 2nd quarter. Fortress Financial Solutions LLC now owns 120,282 shares of the credit services provider’s stock valued at $658,000 after buying an additional 4,522 shares during the last quarter. 21.84% of the stock is currently 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.