32,909 Shares in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Acquired by Capital Management Associates Inc

Capital Management Associates Inc purchased a new stake in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 32,909 shares of the credit services provider’s stock, valued at approximately $184,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLIO Financial Planning bought a new stake in Manhattan Bridge Capital during the fourth quarter valued at about $117,000. B. Riley Wealth Advisors Inc. lifted its position in shares of Manhattan Bridge Capital by 35.7% during the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock valued at $120,000 after buying an additional 6,117 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Manhattan Bridge Capital by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock valued at $635,000 after buying an additional 3,008 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its stake in shares of Manhattan Bridge Capital by 53.4% during the 3rd 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 in the last quarter. Finally, International Assets Investment Management LLC lifted its position in Manhattan Bridge Capital by 441.5% during the third quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock valued at $817,000 after acquiring an additional 119,595 shares during the last quarter. 21.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a report on Monday, February 3rd. They issued a “strong-buy” rating on the stock.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ:LOAN opened at $5.74 on Friday. The business’s 50-day moving average is $5.58 and its 200 day moving average is $5.42. Manhattan Bridge Capital, Inc. has a 1 year low of $4.60 and a 1 year high of $5.90. The firm has a market capitalization of $65.67 million, a P/E ratio of 11.71 and a beta of 0.55.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be given a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 8.01%. The ex-dividend date of this dividend is Tuesday, April 8th. Manhattan Bridge Capital’s payout ratio is currently 93.88%.

About Manhattan Bridge Capital

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.