Lument Finance Trust (NYSE:LFT) Director William Houlihan Purchases 20,000 Shares of Stock

Lument Finance Trust, Inc. (NYSE:LFT) Director William Houlihan purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average price of $0.60 per share, for a total transaction of $12,000.00. Following the completion of the acquisition, the director owned 300,732 shares of the company’s stock, valued at approximately $180,439.20. The trade was a 7.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

Lument Finance Trust Price Performance

Shares of LFT stock opened at $0.61 on Friday. The company has a market capitalization of $32.08 million, a P/E ratio of -1.70 and a beta of 0.56. The company’s 50-day simple moving average is $0.85 and its two-hundred day simple moving average is $1.11. Lument Finance Trust, Inc. has a one year low of $0.58 and a one year high of $2.37. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98.

Lument Finance Trust’s stock is scheduled to reverse split before the market opens on Thursday, September 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.10) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.16). Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.The firm had revenue of ($13.37) million for the quarter, compared to analysts’ expectations of $4.59 million.

Lument Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 26.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio is presently -44.44%.

Hedge Funds Weigh In On Lument Finance Trust

A number of large investors have recently made changes to their positions in LFT. Melia Wealth LLC purchased a new position in Lument Finance Trust during the 2nd quarter worth $1,308,000. Geode Capital Management LLC raised its position in shares of Lument Finance Trust by 132.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock valued at $2,340,000 after purchasing an additional 604,205 shares during the last quarter. BlackRock Inc. purchased a new stake in Lument Finance Trust during the 2nd quarter worth approximately $344,000. Susquehanna International Group LLP grew its position in Lument Finance Trust by 957.6% during the 2nd quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after purchasing an additional 164,996 shares during the last quarter. Finally, Segall Bryant & Hamill LLC acquired a new position in Lument Finance Trust during the 1st quarter valued at approximately $180,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Lument Finance Trust in a report on Thursday, June 18th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus 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.