Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 447.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 126,196 shares of the credit services provider’s stock after purchasing an additional 103,143 shares during the period. International Assets Investment Management LLC owned approximately 1.10% of Manhattan Bridge Capital worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LOAN. Bellwether Advisors LLC boosted its position in shares of Manhattan Bridge Capital by 24.0% during the 3rd quarter. Bellwether Advisors LLC now owns 161,224 shares of the credit services provider’s stock valued at $774,000 after purchasing an additional 31,184 shares in the last quarter. Waddell & Associates LLC boosted its position in shares of Manhattan Bridge Capital by 16.9% during the 3rd quarter. Waddell & Associates LLC now owns 102,772 shares of the credit services provider’s stock valued at $493,000 after purchasing an additional 14,882 shares in the last quarter. Pinnacle Wealth Planning Services Inc. boosted its position in shares of Manhattan Bridge Capital by 23.0% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 51,061 shares of the credit services provider’s stock valued at $245,000 after purchasing an additional 9,553 shares in the last quarter. Atria Wealth Solutions Inc. boosted its position in shares of Manhattan Bridge Capital by 11.7% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 111,183 shares of the credit services provider’s stock valued at $534,000 after purchasing an additional 11,680 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new position in shares of Manhattan Bridge Capital during the 3rd quarter valued at about $389,000. Institutional investors own 21.84% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Manhattan Bridge Capital in a report on Thursday. They issued a “strong-buy” rating for the company.

Manhattan Bridge Capital Price Performance

Shares of LOAN opened at $5.11 on Thursday. Manhattan Bridge Capital, Inc. has a one year low of $4.27 and a one year high of $5.29. The company has a 50-day moving average of $4.91 and a two-hundred day moving average of $4.78. The stock has a market cap of $58.45 million, a price-to-earnings ratio of 10.65 and a beta of 0.59.

Manhattan Bridge Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Wednesday, July 10th will be issued a $0.115 dividend. This represents a $0.46 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend is Wednesday, July 10th. Manhattan Bridge Capital’s payout ratio is 95.83%.

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.