Fi3 FINANCIAL ADVISORS LLC Decreases Position in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Fi3 FINANCIAL ADVISORS LLC lessened its holdings in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 16.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,625 shares of the credit services provider’s stock after selling 4,186 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in Manhattan Bridge Capital were worth $107,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Hardy Reed LLC increased its stake in Manhattan Bridge Capital by 871.6% during the third quarter. Hardy Reed LLC now owns 332,296 shares of the credit services provider’s stock worth $1,595,000 after acquiring an additional 298,096 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Manhattan Bridge Capital by 447.4% during the 4th quarter. International Assets Investment Management LLC now owns 126,196 shares of the credit services provider’s stock worth $627,000 after purchasing an additional 103,143 shares during the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Manhattan Bridge Capital during the 3rd quarter worth about $389,000. Bellwether Advisors LLC raised its holdings in Manhattan Bridge Capital by 24.0% in the 3rd quarter. Bellwether Advisors LLC now owns 161,224 shares of the credit services provider’s stock valued at $774,000 after buying an additional 31,184 shares during the period. Finally, Perritt Capital Management Inc. boosted its stake in Manhattan Bridge Capital by 506.7% during the third quarter. Perritt Capital Management Inc. now owns 29,462 shares of the credit services provider’s stock worth $141,000 after buying an additional 24,606 shares during the period. 21.84% of the stock is owned by hedge funds and other institutional investors.

Manhattan Bridge Capital Stock Performance

Shares of NASDAQ LOAN traded down $0.11 during trading on Friday, reaching $4.99. The stock had a trading volume of 13,676 shares, compared to its average volume of 17,090. The business’s 50-day moving average price is $4.95 and its 200-day moving average price is $4.81. Manhattan Bridge Capital, Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $5.29. The company has a market cap of $57.08 million, a P/E ratio of 9.98 and a beta of 0.59.

Manhattan Bridge Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Wednesday, July 10th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Wednesday, July 10th. This represents a $0.46 annualized dividend and a dividend yield of 9.22%. Manhattan Bridge Capital’s dividend payout ratio is presently 92.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a research report on Thursday, April 25th. 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.