LPL Financial LLC Invests $169,000 in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

LPL Financial LLC purchased a new stake in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,191 shares of the credit services provider’s stock, valued at approximately $169,000.

A number of other institutional investors also recently bought and sold shares of LOAN. Hardy Reed LLC lifted its stake in Manhattan Bridge Capital by 7.8% in the fourth quarter. Hardy Reed LLC now owns 370,499 shares of the credit services provider’s stock worth $2,075,000 after purchasing an additional 26,733 shares during the last quarter. Atria Wealth Solutions Inc. raised its holdings in shares of Manhattan Bridge Capital by 13.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 27,885 shares of the credit services provider’s stock worth $159,000 after buying an additional 3,324 shares during the period. Fortress Financial Solutions LLC bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter worth approximately $685,000. Capital Management Associates Inc purchased a new position in Manhattan Bridge Capital during the 4th quarter valued at $184,000. Finally, Beese Fulmer Investment Management Inc. boosted its holdings in Manhattan Bridge Capital by 9.7% during the 4th quarter. Beese Fulmer Investment Management Inc. now owns 142,597 shares of the credit services provider’s stock valued at $799,000 after acquiring an additional 12,616 shares during the period. 21.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Manhattan Bridge Capital in a research note on Thursday, April 24th. They set a “strong-buy” rating for the company.

Manhattan Bridge Capital Stock Down 1.0 %

LOAN opened at $5.12 on Thursday. The stock’s fifty day moving average is $5.46 and its two-hundred day moving average is $5.50. The company has a market capitalization of $58.57 million, a P/E ratio of 10.45 and a beta of 0.26. Manhattan Bridge Capital, Inc. has a 52 week low of $4.74 and a 52 week high of $6.05.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its quarterly earnings results on Thursday, April 24th. The credit services provider reported $0.12 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.12. The business had revenue of $2.27 million for the quarter. Manhattan Bridge Capital had a return on equity of 13.06% and a net margin of 56.93%.

Manhattan Bridge Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Tuesday, July 8th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend yield of 8.98%. The ex-dividend date is Tuesday, July 8th. Manhattan Bridge Capital’s payout ratio is 97.87%.

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.