Beese Fulmer Investment Management Inc. Acquires 12,616 Shares of Manhattan Bridge Capital, Inc. (NASDAQ:LOAN)

Beese Fulmer Investment Management Inc. raised its holdings in Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) by 9.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,597 shares of the credit services provider’s stock after acquiring an additional 12,616 shares during the period. Beese Fulmer Investment Management Inc. owned about 1.25% of Manhattan Bridge Capital worth $799,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. OLIO Financial Planning bought a new stake in shares of Manhattan Bridge Capital during the 4th quarter valued at approximately $117,000. B. Riley Wealth Advisors Inc. lifted its stake in shares of Manhattan Bridge Capital by 35.7% in the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 23,250 shares of the credit services provider’s stock valued at $120,000 after acquiring an additional 6,117 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Manhattan Bridge Capital by 2.7% during the 3rd quarter. Geode Capital Management LLC now owns 113,918 shares of the credit services provider’s stock valued at $635,000 after acquiring an additional 3,008 shares in the last quarter. International Assets Investment Management LLC increased its holdings in Manhattan Bridge Capital by 441.5% in the 3rd quarter. International Assets Investment Management LLC now owns 146,682 shares of the credit services provider’s stock worth $817,000 after purchasing an additional 119,595 shares in the last quarter. Finally, Soltis Investment Advisors LLC bought a new position in Manhattan Bridge Capital in the third quarter valued at about $14,758,000. Institutional investors and hedge funds own 21.84% of the company’s stock.

Analyst Ratings Changes

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

Manhattan Bridge Capital Price Performance

LOAN opened at $5.72 on Friday. Manhattan Bridge Capital, Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $5.90. The company’s 50 day moving average price is $5.57 and its two-hundred day moving average price is $5.42. The firm has a market capitalization of $65.44 million, a price-to-earnings ratio of 11.67 and a beta of 0.55.

Manhattan Bridge Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued 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 8.04%. Manhattan Bridge Capital’s payout ratio is 93.88%.

About Manhattan Bridge Capital

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.