Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. cut its holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 4.2% in the 4th quarter, HoldingsChannel reports. The fund owned 106,552 shares of the credit services provider’s stock after selling 4,631 shares during the period. Atria Wealth Solutions Inc.’s holdings in Manhattan Bridge Capital were worth $537,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Hardy Reed LLC lifted its stake in shares of Manhattan Bridge Capital by 871.6% during the third quarter. Hardy Reed LLC now owns 332,296 shares of the credit services provider’s stock worth $1,595,000 after purchasing an additional 298,096 shares in the last quarter. Bellwether Advisors LLC raised its stake in Manhattan Bridge Capital by 10.5% during the fourth quarter. Bellwether Advisors LLC now owns 178,180 shares of the credit services provider’s stock valued at $886,000 after buying an additional 16,956 shares in the last quarter. International Assets Investment Management LLC lifted its stake in Manhattan Bridge Capital by 447.4% during the fourth quarter. International Assets Investment Management LLC now owns 126,196 shares of the credit services provider’s stock worth $627,000 after purchasing an additional 103,143 shares during the last quarter. Waddell & Associates LLC boosted its holdings 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 buying an additional 14,882 shares during the period. Finally, Soltis Investment Advisors LLC bought a new position in Manhattan Bridge Capital in the third quarter worth about $389,000. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a research report on Thursday, April 25th. They issued a “strong-buy” rating for the company.

Manhattan Bridge Capital Stock Down 2.2 %

NASDAQ:LOAN opened at $4.99 on Monday. Manhattan Bridge Capital, Inc. has a 52-week low of $4.27 and a 52-week high of $5.29. The business’s 50-day moving average price is $4.95 and its 200 day moving average price is $4.81. The firm has a market cap of $57.09 million, a P/E ratio of 9.98 and a beta of 0.59.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Wednesday, July 10th will be issued a dividend of $0.115 per share. The ex-dividend date is Wednesday, July 10th. This represents a $0.46 annualized dividend and a yield of 9.22%. Manhattan Bridge Capital’s payout ratio is presently 92.00%.

Manhattan Bridge Capital Company Profile

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.