Certuity LLC Makes New Investment in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Certuity LLC bought a new position 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 Securities & Exchange Commission. The institutional investor bought 10,913 shares of the credit services provider’s stock, valued at approximately $54,000. Certuity LLC owned approximately 0.10% of Manhattan Bridge Capital at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LOAN. Hardy Reed LLC lifted its position in shares of Manhattan Bridge Capital by 871.6% during the third quarter. Hardy Reed LLC now owns 332,296 shares of the credit services provider’s stock worth $1,595,000 after acquiring an additional 298,096 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Manhattan Bridge Capital by 447.4% during the fourth quarter. International Assets Investment Management LLC now owns 126,196 shares of the credit services provider’s stock worth $627,000 after acquiring an additional 103,143 shares in the last quarter. Soltis Investment Advisors LLC purchased a new stake in shares of Manhattan Bridge Capital during the third quarter worth $389,000. Bellwether Advisors LLC lifted its position in shares of Manhattan Bridge Capital by 24.0% during the third quarter. Bellwether Advisors LLC now owns 161,224 shares of the credit services provider’s stock worth $774,000 after acquiring an additional 31,184 shares in the last quarter. Finally, Perritt Capital Management Inc. lifted its position in shares of Manhattan Bridge Capital by 506.7% during the third quarter. Perritt Capital Management Inc. now owns 29,462 shares of the credit services provider’s stock worth $141,000 after acquiring an additional 24,606 shares in the last quarter. Hedge funds and other institutional investors own 21.84% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of Manhattan Bridge Capital in a report on Thursday, April 25th. They issued a “strong-buy” rating on the stock.

Manhattan Bridge Capital Stock Performance

Manhattan Bridge Capital stock opened at $5.10 on Friday. The stock has a market cap of $58.32 million, a P/E ratio of 10.20 and a beta of 0.59. Manhattan Bridge Capital, Inc. has a fifty-two week low of $4.27 and a fifty-two week high of $5.29. The firm’s fifty day moving average price is $4.94 and its 200-day moving average price is $4.80.

Manhattan Bridge Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend yield of 9.02%. Manhattan Bridge Capital’s payout ratio is currently 92.00%.

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.