WASHINGTON - A group led by First Manhattan Co., a New York-based investment adviser, said it has acquired a 7.9% stake in Pulse Bancorp Inc. of South River, N.J.

In a Securities and Exchange Commission filing, the group said it holds 145,700 shares of Pulse Bancorp, including 8,000 shares purchased between July 22 and Aug. 7 at $18.25 to $18.75 a share.

The group, which includes First Save Associates, an investment firm, said it holds the stake for investment.

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