Hunt Companies Finance Trust Inc (NYSE:HCFT) was the target of a significant growth in short interest in June. As of June 30th, there was short interest totalling 63,300 shares, a growth of 30.0% from the May 30th total of 48,700 shares. Based on an average daily volume of 38,600 shares, the short-interest ratio is currently 1.6 days. Currently, 0.3% of the shares of the stock are short sold.
A number of analysts have recently commented on the stock. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. ValuEngine cut shares of Zumiez from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC purchased a new stake in Hunt Companies Finance Trust during the 4th quarter valued at about $26,000. Sawtooth Solutions LLC purchased a new stake in Hunt Companies Finance Trust during the 1st quarter valued at about $131,000. Finally, Punch & Associates Investment Management Inc. purchased a new stake in Hunt Companies Finance Trust during the 1st quarter valued at about $611,000. 37.85% of the stock is owned by institutional investors.
Shares of HCFT stock traded down $0.01 on Friday, reaching $3.43. 46,169 shares of the company were exchanged, compared to its average volume of 33,168. The company has a market cap of $81.26 million, a P/E ratio of -11.06 and a beta of 1.29. The firm has a 50-day moving average of $3.39. The company has a debt-to-equity ratio of 4.98, a quick ratio of 10.35 and a current ratio of 10.35. Hunt Companies Finance Trust has a 1 year low of $2.76 and a 1 year high of $3.79.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 8.75%. The ex-dividend date is Thursday, June 27th. This is a boost from Hunt Companies Finance Trust’s previous quarterly dividend of $0.07. Hunt Companies Finance Trust’s dividend payout ratio is currently -96.77%.
About Hunt Companies Finance Trust
Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.
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