Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lessened its holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 16.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 153,200 shares of the credit services provider’s stock after selling 30,928 shares during the quarter. Renaissance Technologies LLC owned 1.34% of Manhattan Bridge Capital worth $858,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in LOAN. Geode Capital Management LLC grew its stake in shares of Manhattan Bridge Capital by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 3,008 shares during the period. Atria Wealth Solutions Inc. boosted its holdings in Manhattan Bridge Capital by 13.5% during the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock worth $159,000 after buying an additional 3,324 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its position in Manhattan Bridge Capital by 9.7% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock worth $799,000 after buying an additional 12,616 shares during the period. OLIO Financial Planning purchased a new position in Manhattan Bridge Capital in the fourth quarter valued at about $117,000. Finally, Hardy Reed LLC lifted 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 acquiring an additional 26,733 shares during the period. Institutional investors and hedge funds own 21.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a report on Friday. They issued a “strong-buy” rating on the stock.

Manhattan Bridge Capital Stock Up 0.2 %

NASDAQ:LOAN opened at $5.13 on Friday. Manhattan Bridge Capital, Inc. has a 52-week low of $4.74 and a 52-week high of $6.05. The stock has a fifty day simple moving average of $5.45 and a 200-day simple moving average of $5.50. The company has a market capitalization of $58.68 million, a PE ratio of 10.47 and a beta of 0.26.

Manhattan Bridge Capital (NASDAQ:LOAN) last announced its earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The company had revenue of $2.27 million during the quarter. Manhattan Bridge Capital had a net margin of 56.93% and a return on equity of 13.06%.

Manhattan Bridge Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 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 8.97%. The ex-dividend date of this dividend is Tuesday, July 8th. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 97.87%.

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.