ValuEngine downgraded shares of Manhattan Bridge Capital (NASDAQ:LOAN) from a hold rating to a sell rating in a research note published on Wednesday, ValuEngine reports.

Separately, Aegis restated a hold rating on shares of Manhattan Bridge Capital in a report on Monday, January 13th.

LOAN traded up $0.13 during trading on Wednesday, hitting $5.65. The company had a trading volume of 89,951 shares, compared to its average volume of 47,940. The company has a market capitalization of $53.32 million, a PE ratio of 12.00 and a beta of 0.45. Manhattan Bridge Capital has a one year low of $4.99 and a one year high of $6.73. The firm’s 50-day moving average price is $6.20 and its 200 day moving average price is $6.26.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Friday, April 10th will be issued a $0.11 dividend. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.79%. Manhattan Bridge Capital’s dividend payout ratio (DPR) is 100.00%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Moneta Group Investment Advisors LLC lifted its stake in Manhattan Bridge Capital by 5.4% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 32,233 shares of the credit services provider’s stock valued at $205,000 after acquiring an additional 1,643 shares in the last quarter. Capital Planning Advisors LLC lifted its stake in Manhattan Bridge Capital by 4.7% in the 4th quarter. Capital Planning Advisors LLC now owns 75,382 shares of the credit services provider’s stock valued at $75,000 after acquiring an additional 3,380 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. lifted its stake in Manhattan Bridge Capital by 50.8% in the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 11,443 shares of the credit services provider’s stock valued at $73,000 after acquiring an additional 3,853 shares in the last quarter. National Asset Management Inc. lifted its stake in Manhattan Bridge Capital by 20.7% in the 4th quarter. National Asset Management Inc. now owns 52,992 shares of the credit services provider’s stock valued at $338,000 after acquiring an additional 9,093 shares in the last quarter. Finally, Csenge Advisory Group bought a new stake in shares of Manhattan Bridge Capital in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 13.69% of the company’s stock.

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. It offers short-term, secured, and non-banking loans to real estate investors to fund their acquisition, renovation, rehabilitation, or enhancement of properties in the New York metropolitan area.

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