Short Interest in Lument Finance Trust, Inc. (NYSE:LFT) Grows By 74.9%

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a large increase in short interest in the month of April. As of April 15th, there was short interest totalling 37,600 shares, an increase of 74.9% from the March 31st total of 21,500 shares. Based on an average daily trading volume, of 69,700 shares, the days-to-cover ratio is currently 0.5 days.

Lument Finance Trust Trading Up 3.0 %

LFT opened at $2.37 on Monday. The firm has a market capitalization of $123.83 million, a P/E ratio of 7.90 and a beta of 1.07. The firm’s 50 day moving average is $2.35 and its 200-day moving average is $2.26. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50. Lument Finance Trust has a 52-week low of $1.53 and a 52-week high of $2.56.

Lument Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 11.81%. The ex-dividend date of this dividend was Wednesday, March 27th. Lument Finance Trust’s payout ratio is 93.33%.

Institutional Investors Weigh In On Lument Finance Trust

Hedge funds have recently bought and sold shares of the business. Melia Wealth LLC acquired a new stake in shares of Lument Finance Trust during the first quarter worth approximately $489,000. Foundations Investment Advisors LLC bought a new stake in shares of Lument Finance Trust in the 4th quarter worth about $211,000. Punch & Associates Investment Management Inc. raised its stake in shares of Lument Finance Trust by 4.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock valued at $3,449,000 after purchasing an additional 75,325 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in shares of Lument Finance Trust during the fourth quarter worth about $83,000. Finally, Arlington Trust Co LLC acquired a new position in Lument Finance Trust in the fourth quarter worth about $26,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.