Notable Mover: Institutional Investors Lead Shift in Manhattan Bridge Capital Inc (NASDAQ:LOAN) Sentiment

November 22, 2016 - By Pete Kolinski   ·   0 Comments

Notable Mover: Institutional Investors Lead Shift in Manhattan Bridge Capital Inc (NASDAQ:LOAN) Sentiment

Sentiment for Manhattan Bridge Capital Inc (NASDAQ:LOAN)

Manhattan Bridge Capital Inc (NASDAQ:LOAN) institutional sentiment decreased to 1.4 in 2016 Q2. Its down -0.93, from 2.33 in 2016Q1. The ratio dived, as 7 investment professionals opened new and increased equity positions, while 3 cut down and sold their positions in Manhattan Bridge Capital Inc. The investment professionals in our partner’s database now possess: 338,141 shares, down from 527,968 shares in 2016Q1. Also, the number of investment professionals holding Manhattan Bridge Capital Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 3 Reduced: 0 Increased: 5 New Position: 2.

Manhattan Bridge Capital, Inc. is a real estate finance firm that specializes in originating, servicing and managing a portfolio of first mortgage loans. The company has a market cap of $54.12 million. The Firm offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. It has a 18.27 P/E ratio. The Company’s primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends.

The stock decreased 0.74% or $0.05 on November 21, hitting $6.75. Manhattan Bridge Capital Inc. (NASDAQ:LOAN) has risen 58.82% since April 20, 2016 and is uptrending. It has outperformed by 54.27% the S&P500.

According to Zacks Investment Research, “MANHATTAN BRIDGE CAPITAL INC., formerly DAG Media, Inc., through its subsidiaries, provides short term, secured, non-banking, commercial loans to small businesses against good collateral, such as real estate, receivables, trading shares, etc., in addition to personal guarantees of the principles in most cases. In addition it develops innovative software and a related web site that allows retail businesses and other service providers to reach prospective customers and clients for their goods and services in a more effective way than traditional on-line and print yellow pages search.”

LOAN Company Profile

Manhattan Bridge Capital, Inc. (MBC), incorporated on February 22, 1999, is a real estate finance firm that specializes in originating, servicing and managing a portfolio of first mortgage loans. The Firm offers short-term, secured, non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation or improvement of properties located in the New York metropolitan area. The Company’s primary business objective is to grow its loan portfolio while protecting and preserving capital in a manner that provides for risk-adjusted returns to its shareholders over the long term through dividends. The Firm intends to achieve this objective by continuing to selectively originate, fund loans secured by first mortgages on residential real estate held for investment located in the New York metropolitan area, and to manage and service its portfolio in a manner designed to generate risk-adjusted returns across a range of market conditions and economic cycles.

More notable recent Manhattan Bridge Capital Inc. (NASDAQ:LOAN) news were published by: Globenewswire.com which released: “Manhattan Bridge Capital, Inc. Announces Closing of Over-Allotment Option Shares” on August 31, 2016, also Globenewswire.com with their article: “Manhattan Bridge Capital, Inc. Prices Public Offering of 672269 Common Shares” published on August 09, 2016, Globenewswire.com published: “Manhattan Bridge Capital, Inc. Prices $6000000 Offering of Senior Secured …” on April 15, 2016. More interesting news about Manhattan Bridge Capital Inc. (NASDAQ:LOAN) were released by: Globenewswire.com and their article: “Manhattan Bridge Capital, Inc. Announces Closing of Public Offering of Common …” published on August 15, 2016 as well as Globenewswire.com‘s news article titled: “Manhattan Bridge Capital, Inc. Establishes a Three-Year $14 Million Revolving …” with publication date: March 02, 2015.

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By Pete Kolinski


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