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

Fi3 FINANCIAL ADVISORS LLC decreased its holdings in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 16.2% in the 4th quarter, according to its most recent Form 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 quarter. Fi3 FINANCIAL ADVISORS LLC owned 0.19% of Manhattan Bridge Capital worth $107,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LOAN. Bellwether Advisors LLC increased its holdings in shares of 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 worth $774,000 after buying an additional 31,184 shares during the last quarter. Waddell & Associates LLC boosted its holdings in shares of Manhattan Bridge Capital by 16.9% in the 3rd quarter. Waddell & Associates LLC now owns 102,772 shares of the credit services provider’s stock worth $493,000 after purchasing an additional 14,882 shares in the last quarter. Pinnacle Wealth Planning Services Inc. increased 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 during the last quarter. Atria Wealth Solutions Inc. raised its holdings 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 buying an additional 11,680 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new stake in Manhattan Bridge Capital in the 3rd quarter worth approximately $389,000. 21.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com started 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 Trading Down 2.1 %

Shares of LOAN stock traded down $0.11 during mid-day 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 stock’s 50-day moving average price is $4.95 and its two-hundred day moving average price is $4.81. The firm has a market capitalization of $57.08 million, a PE ratio of 9.98 and a beta of 0.59. Manhattan Bridge Capital, Inc. has a 52-week low of $4.27 and a 52-week high of $5.29.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 10th. This represents a $0.46 annualized dividend and a yield of 9.22%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 92.00%.

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.