Lument Finance Trust (NYSE:LFT) Director Purchases $11,400.00 in Stock

Lument Finance Trust, Inc. (NYSE:LFT) Director William Houlihan purchased 10,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were purchased at an average cost of $1.14 per share, for a total transaction of $11,400.00. Following the purchase, the director directly owned 270,732 shares of the company’s stock, valued at $308,634.48. This trade represents a 3.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lument Finance Trust Trading Down 1.3%

Shares of LFT traded down $0.02 during trading hours on Friday, hitting $1.11. 124,490 shares of the stock traded hands, compared to its average volume of 171,206. The company has a current ratio of 3.03, a quick ratio of 3.03 and a debt-to-equity ratio of 6.16. Lument Finance Trust, Inc. has a 1-year low of $1.04 and a 1-year high of $2.65. The firm has a market capitalization of $57.95 million, a PE ratio of -8.50 and a beta of 0.57. The business has a fifty day moving average of $1.25 and a 200-day moving average of $1.37.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Friday, May 15th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.04). Lument Finance Trust had a negative net margin of 2.59% and a positive return on equity of 5.65%. The firm had revenue of ($5.69) million for the quarter, compared to analyst estimates of $4.59 million.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 14.5%. The ex-dividend date of this dividend was Tuesday, March 31st. Lument Finance Trust’s dividend payout ratio is -123.08%.

Hedge Funds Weigh In On Lument Finance Trust

Hedge funds have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. acquired a new position in Lument Finance Trust in the first quarter valued at about $66,000. Invesco Ltd. bought a new stake in shares of Lument Finance Trust in the second quarter worth about $63,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Lument Finance Trust in the second quarter worth about $55,000. Russell Investments Group Ltd. increased its holdings in shares of Lument Finance Trust by 302.0% in the fourth quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock worth $47,000 after acquiring an additional 24,782 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of Lument Finance Trust by 102.2% in the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after acquiring an additional 9,882 shares in the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Lument Finance Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Lument Finance Trust has an average rating of “Sell”.

Lument Finance Trust Company Profile

Lument Finance Trust is a real estate investment trust that focuses on originating and acquiring senior secured loans backed by commercial real estate properties. Listed on the New York Stock Exchange under the ticker LFT, the company seeks to generate attractive risk‐adjusted returns by targeting floating‐rate, first‐mortgage loans across a broad range of property types, including multifamily, office, retail, industrial and hospitality.

The firm’s core business activity centers on deploying capital into short‐ and medium‐term financing solutions for institutional real estate owners and developers.