Cary Street Partners Financial LLC Sells 214,997 Shares of Manhattan Bridge Capital, Inc $LOAN

Cary Street Partners Financial LLC trimmed its position in shares of Manhattan Bridge Capital, Inc (NASDAQ:LOAN) by 84.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 40,544 shares of the credit services provider’s stock after selling 214,997 shares during the quarter. Cary Street Partners Financial LLC’s holdings in Manhattan Bridge Capital were worth $189,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its holdings in Manhattan Bridge Capital by 8.8% during the fourth quarter. International Assets Investment Management LLC now owns 29,595 shares of the credit services provider’s stock valued at $138,000 after purchasing an additional 2,384 shares during the period. Osaic Holdings Inc. grew its holdings in Manhattan Bridge Capital by 140.7% during the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock valued at $31,000 after purchasing an additional 3,292 shares during the period. Vanguard Group Inc. grew its holdings in Manhattan Bridge Capital by 2.5% during the third quarter. Vanguard Group Inc. now owns 383,385 shares of the credit services provider’s stock valued at $2,116,000 after purchasing an additional 9,330 shares during the period. RW Investment Management LLC bought a new position in Manhattan Bridge Capital during the third quarter valued at $71,000. Finally, Briaud Financial Planning Inc bought a new position in Manhattan Bridge Capital during the third quarter valued at $136,000. 21.84% of the stock is owned by institutional investors.

Manhattan Bridge Capital Price Performance

NASDAQ:LOAN opened at $4.22 on Monday. The company has a market cap of $48.23 million, a P/E ratio of 9.59 and a beta of 0.17. The stock’s fifty day moving average price is $4.37 and its two-hundred day moving average price is $4.51. Manhattan Bridge Capital, Inc has a 1 year low of $4.13 and a 1 year high of $5.85.

Manhattan Bridge Capital (NASDAQ:LOAN) last posted its earnings results on Thursday, April 16th. The credit services provider reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.01). The company had revenue of $2.07 million for the quarter, compared to analysts’ expectations of $2.18 million. Manhattan Bridge Capital had a return on equity of 11.59% and a net margin of 59.24%.

Manhattan Bridge Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 8th will be given a dividend of $0.11 per share. The ex-dividend date is Wednesday, July 8th. This represents a $0.44 annualized dividend and a dividend yield of 10.4%. Manhattan Bridge Capital’s dividend payout ratio is currently 100.00%.

Analyst Ratings Changes

Separately, Weiss Ratings raised Manhattan Bridge Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.