PDS Planning Inc sells 2,687 shares of Manhattan Bridge Capital, Inc. (NASDAQ: READY)


PDS Planning Inc reduced its stake in Manhattan Bridge Capital, Inc. (NASDAQ: READYGet an assessment) by 8.8% in the 1st quarter, according to its latest filing with the Securities & Exchange Commission. The institutional investor held 27,891 shares of the credit service provider after selling 2,687 shares during the period. PDS Planning Inc’s holdings in Manhattan Bridge Capital were worth $177,000 when it last filed with the SEC.

A number of other hedge funds also bought and sold shares of LOAN. Intelligence Driven Advisers LLC increased its position in Manhattan Bridge Capital by 352.6% in the fourth quarter. Intelligence Driven Advisers LLC now owns 1,156,366 shares of the credit service provider worth $1,156,000 after acquiring an additional 900,861 shares last quarter. flower inc. acquired a new equity stake from Manhattan Bridge Capital in the fourth quarter worth $25,000. BlackRock Inc. increased its stake in shares of Manhattan Bridge Capital by 810.5% in the third quarter. BlackRock Inc. now owns 20,114 shares of the credit services provider worth $137,000 after buying an additional 17,905 shares in the last quarter. National Asset Management Inc. increased its stake in shares of Manhattan Bridge Capital by 45.9% in the third quarter. National Asset Management Inc. now owns 51,024 shares of the credit service provider worth $347,000 after buying an additional 16,057 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in shares of Manhattan Bridge Capital by 89.9% in the fourth quarter. Acadian Asset Management LLC now owns 25,981 shares of the credit service provider worth $142,000 after purchasing an additional 12,302 shares in the last quarter. 26.27% of the shares are held by institutional investors.

Shares of Manhattan Bridge Capital Stock opened at $5.61 on Tuesday. The company has a fifty-day simple moving average of $5.57 and a 200-day simple moving average of $5.73. Manhattan Bridge Capital, Inc. has a 1-year minimum of $5.25 and a 1-year maximum of $8.05. The stock has a market capitalization of $64.49 million, a price-earnings ratio of 13.05 and a beta of 0.60.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Friday, July 8 will receive a dividend of $0.125. This represents a dividend of $0.50 on an annualized basis and a dividend yield of 8.91%. The ex-dividend date is Thursday, July 7. Manhattan Bridge Capital’s payout ratio is 116.28%.

Manhattan Bridge Capital Profile (Get an assessment)

Manhattan Bridge Capital, Inc, a real estate finance company, originates, maintains and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, non-bank loans to real estate investors to finance their acquisition, renovation, rehabilitation or improvement of properties in the New York metropolitan area, including New Jersey and Connecticut, and in Florida.

Further reading

Want to see which other hedge funds hold LOAN? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Manhattan Bridge Capital, Inc. (NASDAQ: READYGet an assessment).

Institutional ownership by quarter for Manhattan Bridge Capital (NASDAQ: LOAN)



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