Manhattan Bridge Capital, Inc (NASDAQ:LOAN) Short Interest Update

Manhattan Bridge Capital, Inc (NASDAQ:LOAN) saw a significant drop in short interest during the month of February. As of February 13th, there was short interest totaling 4,916 shares, a drop of 40.2% from the January 29th total of 8,225 shares. Based on an average trading volume of 21,338 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average trading volume of 21,338 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in LOAN. Osaic Holdings Inc. increased its holdings in shares of Manhattan Bridge Capital by 140.7% during the second quarter. Osaic Holdings Inc. now owns 5,632 shares of the credit services provider’s stock valued at $31,000 after acquiring an additional 3,292 shares in the last quarter. Melia Wealth LLC grew its position in Manhattan Bridge Capital by 2.6% in the 4th quarter. Melia Wealth LLC now owns 447,638 shares of the credit services provider’s stock valued at $2,082,000 after purchasing an additional 11,173 shares during the period. Frazier Financial Advisors LLC increased its stake in Manhattan Bridge Capital by 173.4% during the 4th quarter. Frazier Financial Advisors LLC now owns 79,637 shares of the credit services provider’s stock valued at $370,000 after purchasing an additional 50,511 shares in the last quarter. Beese Fulmer Investment Management Inc. raised its holdings in Manhattan Bridge Capital by 200.9% during the fourth quarter. Beese Fulmer Investment Management Inc. now owns 343,376 shares of the credit services provider’s stock worth $1,597,000 after buying an additional 229,244 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its stake in shares of Manhattan Bridge Capital by 8.8% in the fourth quarter. International Assets Investment Management LLC now owns 29,595 shares of the credit services provider’s stock valued at $138,000 after buying an additional 2,384 shares in the last quarter. 21.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Manhattan Bridge Capital in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold”.

Manhattan Bridge Capital Price Performance

Shares of NASDAQ:LOAN traded up $0.01 during mid-day trading on Monday, hitting $4.39. The company had a trading volume of 17,726 shares, compared to its average volume of 19,471. Manhattan Bridge Capital has a one year low of $4.29 and a one year high of $6.05. The firm has a fifty day moving average price of $4.56 and a 200 day moving average price of $4.92. The company has a market capitalization of $50.22 million, a PE ratio of 9.54 and a beta of 0.25.

Manhattan Bridge Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Wednesday, April 8th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date of this dividend is Wednesday, April 8th. Manhattan Bridge Capital’s dividend payout ratio is 100.00%.

About Manhattan Bridge Capital

Manhattan Bridge Capital, Inc (NASDAQ: LOAN) is a publicly traded business development company (BDC) that specializes in providing financing solutions to small and medium-sized businesses across the United States. The firm structures short-term bridge loans, senior secured debt and mezzanine debt facilities to support clients’ growth initiatives, working capital needs and acquisition financing requirements. Its investment approach is designed to deliver flexible, asset-backed financing tailored to the unique cash-flow profiles of its portfolio companies.

Operating primarily from its New York headquarters, Manhattan Bridge Capital partners with businesses in a variety of sectors, including business services, consumer products, healthcare and industrial manufacturing.