Fortress Financial Solutions LLC Acquires New Position in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Fortress Financial Solutions LLC purchased a new stake in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 122,267 shares of the credit services provider's stock, valued at approximately $685,000. Manhattan Bridge Capital comprises about 1.0% of Fortress Financial Solutions LLC's portfolio, making the stock its 24th largest position. Fortress Financial Solutions LLC owned 1.07% of Manhattan Bridge Capital at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. OLIO Financial Planning acquired a new position in Manhattan Bridge Capital in the fourth quarter valued at $117,000. Capital Management Associates Inc acquired a new position in shares of Manhattan Bridge Capital during the 4th quarter valued at about $184,000. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 3,008 shares during the period. Beese Fulmer Investment Management Inc. boosted its position in shares of Manhattan Bridge Capital by 53.4% in the third quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider's stock worth $724,000 after acquiring an additional 45,222 shares during the last quarter. Finally, International Assets Investment Management LLC grew its holdings in Manhattan Bridge Capital by 441.5% in the third quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider's stock valued at $817,000 after purchasing an additional 119,595 shares during the period. Hedge funds and other institutional investors own 21.84% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on shares of Manhattan Bridge Capital in a report on Tuesday. They issued a "strong-buy" rating on the stock.

Manhattan Bridge Capital Stock Down 0.2 %

Shares of NASDAQ LOAN traded down $0.01 during midday trading on Friday, hitting $5.60. The stock had a trading volume of 8,105 shares, compared to its average volume of 13,399. Manhattan Bridge Capital, Inc. has a 1-year low of $4.60 and a 1-year high of $5.90. The company has a market capitalization of $64.06 million, a price-to-earnings ratio of 11.43 and a beta of 0.55. The company has a fifty day moving average price of $5.59 and a 200 day moving average price of $5.43.

Manhattan Bridge Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $0.46 dividend on an annualized basis and a yield of 8.21%. Manhattan Bridge Capital's dividend payout ratio (DPR) is 93.88%.

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.