International Assets Investment Management LLC Has $153,000 Position in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

International Assets Investment Management LLC lowered its holdings in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN - Free Report) by 81.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,421 shares of the credit services provider's stock after selling 119,261 shares during the quarter. International Assets Investment Management LLC owned about 0.24% of Manhattan Bridge Capital worth $153,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of LOAN. Soltis Investment Advisors LLC acquired a new stake in Manhattan Bridge Capital in the 3rd quarter worth approximately $14,758,000. Geode Capital Management LLC raised its position in shares of Manhattan Bridge Capital by 2.7% in the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider's stock valued at $635,000 after purchasing an additional 3,008 shares during the period. Beese Fulmer Investment Management Inc. lifted its stake 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 buying an additional 45,222 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Manhattan Bridge Capital by 35.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider's stock worth $120,000 after buying an additional 6,117 shares during the period. Finally, Renaissance Technologies LLC grew its stake in 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 valued at $963,000 after buying an additional 21,950 shares during the last quarter. Institutional investors and hedge funds own 21.84% of the company's stock.

Manhattan Bridge Capital Stock Up 2.4 %

Shares of NASDAQ:LOAN opened at $5.50 on Wednesday. The company has a market cap of $62.92 million, a price-to-earnings ratio of 11.22 and a beta of 0.57. The business has a 50 day moving average price of $5.47 and a 200 day moving average price of $5.38. Manhattan Bridge Capital, Inc. has a twelve month low of $4.60 and a twelve month high of $5.90.

Manhattan Bridge Capital (NASDAQ:LOAN - Get Free Report) last posted its quarterly earnings data on Wednesday, October 23rd. The credit services provider reported $0.12 earnings per share for the quarter, meeting 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 company had revenue of $2.31 million during the quarter.

Manhattan Bridge Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.115 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.46 annualized dividend and a yield of 8.36%. Manhattan Bridge Capital's dividend payout ratio is 93.88%.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Manhattan Bridge Capital in a research report on Friday, January 10th. 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.