Atria Wealth Solutions Inc. Buys 3,324 Shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Atria Wealth Solutions Inc. grew its stake in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,885 shares of the credit services provider’s stock after purchasing an additional 3,324 shares during the quarter. Atria Wealth Solutions Inc. owned approximately 0.24% of Manhattan Bridge Capital worth $159,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Soltis Investment Advisors LLC acquired a new position in Manhattan Bridge Capital in the 3rd quarter valued at about $14,758,000. Fortress Financial Solutions LLC bought a new stake in shares of Manhattan Bridge Capital during the fourth quarter worth approximately $685,000. International Assets Investment Management LLC grew its position in shares of Manhattan Bridge Capital by 441.5% in the third quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock valued at $817,000 after purchasing an additional 119,595 shares during the last quarter. Capital Management Associates Inc bought a new position in shares of Manhattan Bridge Capital during the fourth quarter worth approximately $184,000. Finally, OLIO Financial Planning acquired a new stake in Manhattan Bridge Capital during the 4th quarter worth approximately $117,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

Manhattan Bridge Capital Stock Performance

LOAN stock opened at $5.58 on Monday. Manhattan Bridge Capital, Inc. has a 52 week low of $4.60 and a 52 week high of $5.90. The company has a market capitalization of $63.83 million, a PE ratio of 11.39 and a beta of 0.55. The company’s 50-day simple moving average is $5.60 and its 200 day simple moving average is $5.46.

Manhattan Bridge Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 8th will be given a dividend of $0.115 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 8.24%. Manhattan Bridge Capital’s payout ratio is presently 93.88%.

Analysts Set New Price Targets

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

Manhattan Bridge Capital Company 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.