Cary Street Partners Financial LLC Takes Position in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Cary Street Partners Financial LLC acquired a new stake in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund 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.

A number of other hedge funds and other institutional investors have also bought and sold shares of LOAN. Fortress Financial Solutions LLC bought a new position in shares of Manhattan Bridge Capital in the fourth quarter worth approximately $685,000. Capital Management Associates Inc bought a new stake in shares of Manhattan Bridge Capital in the 4th quarter valued at about $184,000. LPL Financial LLC bought a new stake in Manhattan Bridge Capital in the fourth quarter valued at approximately $169,000. Hardy Reed LLC raised its holdings in 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 buying an additional 26,733 shares during the last quarter. Finally, OLIO Financial Planning bought a new stake in Manhattan Bridge Capital in the 4th quarter worth $117,000. Institutional investors own 21.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Manhattan Bridge Capital in a research report on Saturday. They set a "strong-buy" rating for the company.

Manhattan Bridge Capital Trading Down 1.6%

Manhattan Bridge Capital stock traded down $0.09 on Monday, hitting $5.12. 9,249 shares of the stock traded hands, compared to its average volume of 19,554. 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 cap of $58.51 million, a P/E ratio of 10.44 and a beta of 0.33. The business's fifty day simple moving average is $5.40 and its 200 day simple moving average is $5.48.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last released its earnings results on Thursday, April 24th. 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 13.06% and a net margin of 56.93%. The business had revenue of $2.27 million for the quarter.

Manhattan Bridge Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 8th will be paid a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, July 8th. This represents a $0.46 annualized dividend and a dividend yield of 8.99%. Manhattan Bridge Capital's dividend payout ratio is presently 97.87%.

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.