Lument Finance Trust, Inc. (NYSE:LFT) President James J. Henson Acquires 10,000 Shares of Stock

Lument Finance Trust, Inc. (NYSE:LFT – Get Rating) President James J. Henson purchased 10,000 shares of Lument Finance Trust stock in a transaction that occurred on Monday, May 22nd. The shares were bought at an average price of $1.89 per share, with a total value of $18,900.00. Following the completion of the transaction, the president now owns 20,000 shares of the company’s stock, valued at approximately $37,800. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lument Finance Trust Stock Performance

Shares of NYSE:LFT opened at $1.84 on Friday. The company has a debt-to-equity ratio of 4.78, a current ratio of 11.68 and a quick ratio of 11.67. The business’s 50 day moving average price is $1.87 and its 200-day moving average price is $1.97. The firm has a market capitalization of $96.14 million, a PE ratio of 11.50 and a beta of 1.14. Lument Finance Trust, Inc. has a 1 year low of $1.53 and a 1 year high of $2.72.

Lument Finance Trust (NYSE:LFT – Get Rating) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). The firm had revenue of $22.39 million during the quarter, compared to analyst estimates of $6.72 million. Lument Finance Trust had a return on equity of 6.63% and a net margin of 19.45%. As a group, equities research analysts expect that Lument Finance Trust, Inc. will post 0.28 earnings per share for the current fiscal year.

Lument Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 17th. Stockholders of record on Friday, March 31st were paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 13.04%. The ex-dividend date was Thursday, March 30th. Lument Finance Trust’s dividend payout ratio is presently 150.01%.

Institutional Trading of Lument Finance Trust

A number of institutional investors have recently made changes to their positions in LFT. Citigroup Inc. acquired a new position in Lument Finance Trust during the first quarter worth $331,000. Punch & Associates Investment Management Inc. boosted its stake in Lument Finance Trust by 5.3% during the first quarter. Punch & Associates Investment Management Inc. now owns 1,612,762 shares of the technology company’s stock worth $3,258,000 after buying an additional 81,535 shares during the last quarter. State Street Corp boosted its stake in Lument Finance Trust by 89.5% during the second quarter. State Street Corp now owns 82,360 shares of the technology company’s stock worth $201,000 after buying an additional 38,898 shares during the last quarter. Northern Trust Corp boosted its stake in Lument Finance Trust by 115.2% during the first quarter. Northern Trust Corp now owns 68,495 shares of the technology company’s stock worth $188,000 after buying an additional 36,668 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Lument Finance Trust by 2.4% during the third quarter. Vanguard Group Inc. now owns 1,363,913 shares of the technology company’s stock worth $2,946,000 after buying an additional 31,651 shares during the last quarter. 20.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Lument Finance Trust from a “c-” rating to a “d+” rating in a research report on Monday. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Lument Finance Trust has a consensus rating of “Moderate Buy” and a consensus price target of $2.90.

Lument Finance Trust Company Profile

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Lument Finance Trust, Inc operates as a real estate investment finance company, which engages in investing, financing, and managing a portfolio of commercial real estate (CRE) debt investments. It primarily invests in transitional floating rate commercial mortgage and other CRE-related investments such as preferred equity, commercial mortgage-backed securities, mezzanine, fixed rate, and construction loans and, other CRE debt instruments.