Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its position in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 40.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,210 shares of the credit services provider’s stock after selling 6,923 shares during the period. B. Riley Wealth Advisors Inc. owned approximately 0.09% of Manhattan Bridge Capital worth $52,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Frazier Financial Advisors LLC acquired a new stake in shares of Manhattan Bridge Capital in the 4th quarter worth about $206,000. Pinnacle Wealth Planning Services Inc. increased its holdings in shares of Manhattan Bridge Capital by 122.2% in the 4th quarter. Pinnacle Wealth Planning Services Inc. now owns 113,446 shares of the credit services provider’s stock worth $564,000 after acquiring an additional 62,385 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in Manhattan Bridge Capital during the 4th quarter valued at about $270,000. National Bank of Canada FI increased its stake in Manhattan Bridge Capital by 195.0% during the 4th quarter. National Bank of Canada FI now owns 5,900 shares of the credit services provider’s stock valued at $28,000 after buying an additional 3,900 shares during the period. Finally, Certuity LLC acquired a new position in Manhattan Bridge Capital during the 4th quarter valued at about $54,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of Manhattan Bridge Capital in a research note on Sunday, June 23rd. They set a “strong-buy” rating on the stock.

Manhattan Bridge Capital Trading Down 0.4 %

Manhattan Bridge Capital stock opened at $5.14 on Friday. The stock has a market cap of $58.80 million, a price-to-earnings ratio of 10.28 and a beta of 0.61. The company’s 50-day moving average price is $5.12 and its two-hundred day moving average price is $4.95. Manhattan Bridge Capital, Inc. has a 52 week low of $4.27 and a 52 week high of $5.35.

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.