OLIO Financial Planning Invests $117,000 in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

OLIO Financial Planning acquired a new position in shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 20,903 shares of the credit services provider’s stock, valued at approximately $117,000. OLIO Financial Planning owned 0.18% of Manhattan Bridge Capital as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its holdings in Manhattan Bridge Capital by 35.7% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock worth $120,000 after acquiring an additional 6,117 shares during the period. Geode Capital Management LLC grew its stake in Manhattan Bridge Capital by 2.7% during the third quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock worth $635,000 after purchasing an additional 3,008 shares during the period. Beese Fulmer Investment Management Inc. increased its holdings in Manhattan Bridge Capital by 53.4% in the third quarter. Beese Fulmer Investment Management Inc. now owns 129,981 shares of the credit services provider’s stock worth $724,000 after purchasing an additional 45,222 shares in the last quarter. International Assets Investment Management LLC lifted its stake in 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 buying an additional 119,595 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of Manhattan Bridge Capital by 13.3% during the 2nd quarter. Renaissance Technologies LLC now owns 187,428 shares of the credit services provider’s stock worth $963,000 after buying an additional 21,950 shares in the last quarter. Institutional investors own 21.84% of the company’s stock.

Manhattan Bridge Capital Price Performance

LOAN stock opened at $5.53 on Monday. Manhattan Bridge Capital, Inc. has a 1 year low of $4.60 and a 1 year high of $5.90. The stock has a market capitalization of $63.26 million, a PE ratio of 11.29 and a beta of 0.55. The company’s 50-day moving average is $5.51 and its 200-day moving average is $5.40.

Manhattan Bridge Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.115 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.46 dividend on an annualized basis and a yield of 8.32%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is presently 93.88%.

Analyst Upgrades and Downgrades

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

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.