300,664 Shares in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Purchased by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC acquired a new stake in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 300,664 shares of the credit services provider's stock, valued at approximately $1,684,000. Cary Street Partners Financial LLC owned approximately 2.63% of Manhattan Bridge Capital at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Geode Capital Management LLC grew its stake in 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 valued at $635,000 after acquiring an additional 3,008 shares in the last quarter. Atria Wealth Solutions Inc. grew its position 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 valued at $159,000 after purchasing an additional 3,324 shares in the last quarter. NewEdge Advisors LLC grew its position in Manhattan Bridge Capital by 28.4% during the fourth quarter. NewEdge Advisors LLC now owns 28,074 shares of the credit services provider's stock valued at $157,000 after purchasing an additional 6,215 shares in the last quarter. Melia Wealth LLC increased its stake in Manhattan Bridge Capital by 3.0% in the 4th quarter. Melia Wealth LLC now owns 351,140 shares of the credit services provider's stock valued at $1,966,000 after buying an additional 10,301 shares during the period. Finally, Beese Fulmer Investment Management Inc. boosted its stake in shares of Manhattan Bridge Capital by 9.7% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider's stock valued at $799,000 after buying an additional 12,616 shares during the period. 21.84% of the stock is currently owned by institutional investors and hedge funds.

Manhattan Bridge Capital Stock Performance

Shares of Manhattan Bridge Capital stock traded up $0.03 during trading on Friday, hitting $5.20. 10,229 shares of the stock traded hands, compared to its average volume of 19,697. The stock has a market cap of $59.48 million, a P/E ratio of 10.61 and a beta of 0.33. The company has a fifty day moving average price of $5.40 and a two-hundred day moving average price of $5.48. Manhattan Bridge Capital, Inc. has a twelve month low of $4.74 and a twelve month high of $6.05.

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

Manhattan Bridge Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 8th will be issued a $0.115 dividend. This represents a $0.46 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date of this dividend is Tuesday, July 8th. Manhattan Bridge Capital's dividend payout ratio is presently 97.87%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Manhattan Bridge Capital in a report on Friday, May 2nd. They set a "strong-buy" rating for the company.

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.