Manhattan Bridge Capital (NASDAQ:LOAN) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Manhattan Bridge Capital (NASDAQ:LOAN) in a research note published on Wednesday. The firm issued a strong-buy rating on the credit services provider’s stock.

Manhattan Bridge Capital Stock Up 2.0 %

LOAN stock opened at $5.75 on Wednesday. The stock has a 50-day simple moving average of $5.60 and a two-hundred day simple moving average of $5.44. Manhattan Bridge Capital has a twelve month low of $4.60 and a twelve month high of $5.90. The firm has a market capitalization of $65.78 million, a PE ratio of 11.73 and a beta of 0.55.

Manhattan Bridge Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, April 8th will be issued a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Tuesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 93.88%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Geode Capital Management LLC raised 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 acquiring an additional 3,008 shares in the last quarter. Soltis Investment Advisors LLC bought a new position in shares of Manhattan Bridge Capital in the third quarter worth approximately $14,758,000. International Assets Investment Management LLC increased its holdings in shares of Manhattan Bridge Capital by 441.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after buying an additional 119,595 shares during the last quarter. Fortress Financial Solutions LLC purchased a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at $685,000. Finally, Hardy Reed LLC raised its position in shares of Manhattan Bridge Capital by 7.8% during the 4th quarter. Hardy Reed LLC now owns 370,499 shares of the credit services provider’s stock valued at $2,075,000 after buying an additional 26,733 shares in the last quarter. 21.84% of the stock is owned by institutional investors.

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.