Atria Wealth Solutions Inc. Has $150,000 Stock Position in Manhattan Bridge Capital, Inc $LOAN

Atria Wealth Solutions Inc. reduced its holdings in Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,358 shares of the credit services provider’s stock after selling 2,527 shares during the period. Atria Wealth Solutions Inc. owned about 0.22% of Manhattan Bridge Capital worth $150,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of LOAN. Cary Street Partners Financial LLC purchased a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth about $1,684,000. Avant Financial Advisors LLC bought a new position in shares of Manhattan Bridge Capital in the 4th quarter valued at approximately $1,626,000. LPL Financial LLC bought a new position in shares of Manhattan Bridge Capital in the 4th quarter valued at approximately $169,000. Kingsview Wealth Management LLC bought a new position in shares of Manhattan Bridge Capital in the 1st quarter valued at approximately $121,000. Finally, Advisory Services Network LLC bought a new position in shares of Manhattan Bridge Capital in the 4th quarter valued at approximately $97,000. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Trading Down 1.1%

Shares of NASDAQ:LOAN opened at $5.38 on Monday. Manhattan Bridge Capital, Inc has a 1-year low of $4.74 and a 1-year high of $6.05. The firm has a market capitalization of $61.55 million, a PE ratio of 11.45 and a beta of 0.34. The business’s 50 day moving average is $5.41 and its 200-day moving average is $5.40.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Tuesday, July 22nd. The credit services provider reported $0.12 EPS for the quarter, hitting the consensus estimate of $0.12. Manhattan Bridge Capital had a return on equity of 12.68% and a net margin of 59.04%. The business had revenue of $2.36 million during the quarter.

Manhattan Bridge Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Wednesday, October 8th will be paid a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, October 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.6%. Manhattan Bridge Capital’s payout ratio is 97.87%.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on Manhattan Bridge Capital in a report on Sunday, May 18th. They issued a “strong-buy” rating on the stock.

Manhattan Bridge Capital 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.