20,903 Shares in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Purchased by OLIO Financial Planning

OLIO Financial Planning purchased a new stake in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) in the fourth quarter, Holdings Channel.com reports. The firm purchased 20,903 shares of the credit services provider’s stock, valued at approximately $117,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Soltis Investment Advisors LLC bought a new position in shares of Manhattan Bridge Capital during the third quarter valued at about $14,758,000. International Assets Investment Management LLC increased its stake in Manhattan Bridge Capital by 441.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock valued at $817,000 after buying an additional 119,595 shares during the last quarter. Beese Fulmer Investment Management Inc. lifted its position in shares of Manhattan Bridge Capital by 53.4% during the 3rd quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock worth $724,000 after buying an additional 45,222 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Manhattan Bridge Capital by 13.3% in the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock worth $963,000 after buying an additional 21,950 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its holdings in shares of Manhattan Bridge Capital by 35.7% in the second quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock valued at $120,000 after acquiring an additional 6,117 shares in the last quarter. 21.84% of the stock is owned by institutional investors.

Manhattan Bridge Capital Stock Performance

Shares of NASDAQ:LOAN opened at $5.53 on Monday. The company has a market capitalization of $63.26 million, a P/E ratio of 11.29 and a beta of 0.55. The company’s 50-day moving average is $5.51 and its 200 day moving average is $5.40. Manhattan Bridge Capital, Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $5.90.

Manhattan Bridge Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a dividend of $0.115 per share. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.32%. The ex-dividend date was Tuesday, December 31st. Manhattan Bridge Capital’s dividend payout ratio is currently 93.88%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on Manhattan Bridge Capital in a report on Sunday. They set a “strong-buy” rating on the stock.

About Manhattan Bridge Capital

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.