Vanguard Group Inc Acquires 11,625 Shares of Manhattan Bridge Capital Inc. (LOAN)
Vanguard Group Inc raised its holdings in Manhattan Bridge Capital Inc. (NASDAQ:LOAN) by 4.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 272,519 shares of the credit services provider’s stock after purchasing an additional 11,625 shares during the period. Vanguard Group Inc owned 2.82% of Manhattan Bridge Capital worth $1,744,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Granite Investment Partners LLC increased its stake in shares of Manhattan Bridge Capital by 39.7% in the third quarter. Granite Investment Partners LLC now owns 63,316 shares of the credit services provider’s stock worth $406,000 after purchasing an additional 18,000 shares in the last quarter. Renaissance Technologies LLC grew its stake in Manhattan Bridge Capital by 18.0% during the third quarter. Renaissance Technologies LLC now owns 314,740 shares of the credit services provider’s stock valued at $2,014,000 after acquiring an additional 48,040 shares in the last quarter. Csenge Advisory Group purchased a new position in Manhattan Bridge Capital during the third quarter valued at approximately $211,000. National Asset Management Inc. purchased a new position in Manhattan Bridge Capital during the third quarter valued at approximately $166,000. Finally, Vanguard Group Inc. grew its stake in Manhattan Bridge Capital by 4.5% during the third quarter. Vanguard Group Inc. now owns 272,519 shares of the credit services provider’s stock valued at $1,744,000 after acquiring an additional 11,625 shares in the last quarter. Hedge funds and other institutional investors own 17.30% of the company’s stock.
In other news, insider Assaf Ran acquired 5,000 shares of Manhattan Bridge Capital stock in a transaction that occurred on Friday, December 14th. The stock was bought at an average price of $5.42 per share, with a total value of $27,100.00. Following the completion of the purchase, the insider now owns 2,531,000 shares in the company, valued at $13,718,020. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 32.40% of the stock is currently owned by insiders.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.12 per share. The ex-dividend date is Tuesday, April 9th. This represents a $0.48 annualized dividend and a yield of 7.68%.
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Manhattan Bridge Capital Company Profile
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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