Frazier Financial Advisors LLC Increases Stock Holdings in Manhattan Bridge Capital, Inc $LOAN

Frazier Financial Advisors LLC boosted its stake in Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 156.0% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 203,866 shares of the credit services provider’s stock after acquiring an additional 124,229 shares during the quarter. Manhattan Bridge Capital accounts for about 0.5% of Frazier Financial Advisors LLC’s portfolio, making the stock its 23rd biggest holding. Frazier Financial Advisors LLC owned 1.78% of Manhattan Bridge Capital worth $907,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Melia Wealth LLC increased its stake in shares of Manhattan Bridge Capital by 2.6% during the fourth quarter. Melia Wealth LLC now owns 447,638 shares of the credit services provider’s stock worth $2,082,000 after purchasing an additional 11,173 shares in the last quarter. Vanguard Group Inc. increased its stake in Manhattan Bridge Capital by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 383,385 shares of the credit services provider’s stock worth $2,116,000 after buying an additional 9,330 shares in the last quarter. Mercer Global Advisors Inc. ADV raised its holdings in shares of Manhattan Bridge Capital by 28.8% during the third quarter. Mercer Global Advisors Inc. ADV now owns 363,572 shares of the credit services provider’s stock valued at $1,996,000 after acquiring an additional 81,220 shares during the last quarter. Beese Fulmer Investment Management Inc. raised its holdings in shares of Manhattan Bridge Capital by 200.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 343,376 shares of the credit services provider’s stock valued at $1,597,000 after acquiring an additional 229,244 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its position in shares of Manhattan Bridge Capital by 4.5% in the fourth quarter. Renaissance Technologies LLC now owns 181,728 shares of the credit services provider’s stock valued at $845,000 after acquiring an additional 7,900 shares in the last quarter. Hedge funds and other institutional investors own 21.84% of the company’s stock.

Manhattan Bridge Capital Stock Performance

Shares of Manhattan Bridge Capital stock opened at $4.42 on Friday. The stock has a 50 day moving average of $4.33 and a 200 day moving average of $4.42. The firm has a market capitalization of $50.52 million, a price-to-earnings ratio of 10.05 and a beta of 0.14. Manhattan Bridge Capital, Inc has a fifty-two week low of $4.13 and a fifty-two week high of $5.80.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its quarterly earnings results on Thursday, April 16th. The credit services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.01). Manhattan Bridge Capital had a net margin of 59.24% and a return on equity of 11.59%. The company had revenue of $2.07 million for the quarter, compared to analyst estimates of $2.18 million.

Analyst Ratings Changes

Separately, Weiss Ratings raised Manhattan Bridge Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 29th. One investment analyst has rated the stock with a Hold rating, According to data from MarketBeat, Manhattan Bridge Capital currently has an average rating of “Hold”.

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.