International Assets Investment Management LLC grew its stake in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN – Free Report) by 447.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 126,196 shares of the credit services provider’s stock after acquiring an additional 103,143 shares during the period. International Assets Investment Management LLC’s holdings in Manhattan Bridge Capital were worth $627,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of LOAN. Bellwether Advisors LLC increased its stake in shares of Manhattan Bridge Capital by 24.0% in the 3rd quarter. Bellwether Advisors LLC now owns 161,224 shares of the credit services provider’s stock valued at $774,000 after acquiring an additional 31,184 shares during the last quarter. Waddell & Associates LLC increased its stake in shares of Manhattan Bridge Capital by 16.9% in the 3rd quarter. Waddell & Associates LLC now owns 102,772 shares of the credit services provider’s stock valued at $493,000 after acquiring an additional 14,882 shares during the last quarter. Pinnacle Wealth Planning Services Inc. increased its stake in shares of Manhattan Bridge Capital by 23.0% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 51,061 shares of the credit services provider’s stock valued at $245,000 after acquiring an additional 9,553 shares during the last quarter. Atria Wealth Solutions Inc. increased its stake in shares of Manhattan Bridge Capital by 11.7% in the 3rd quarter. Atria Wealth Solutions Inc. now owns 111,183 shares of the credit services provider’s stock valued at $534,000 after acquiring an additional 11,680 shares during the last quarter. Finally, Soltis Investment Advisors LLC bought a new stake in shares of Manhattan Bridge Capital in the 3rd quarter valued at about $389,000. 21.84% of the stock is owned by institutional investors.
Manhattan Bridge Capital Stock Performance
Shares of LOAN opened at $5.11 on Thursday. The stock has a 50 day simple moving average of $4.91 and a 200 day simple moving average of $4.78. Manhattan Bridge Capital, Inc. has a 52-week low of $4.27 and a 52-week high of $5.29. The firm has a market capitalization of $58.45 million, a PE ratio of 10.65 and a beta of 0.59.
Manhattan Bridge Capital Announces Dividend
Wall Street Analysts Forecast Growth
Separately, StockNews.com assumed coverage on Manhattan Bridge Capital in a research note on Thursday. They issued a “strong-buy” rating for the company.
Check Out Our Latest Report on LOAN
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.
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