Insider Buying: Lument Finance Trust (NYSE:LFT) CEO Acquires $12,200.00 in Stock

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The shares were acquired at an average price of $0.61 per share, for a total transaction of $12,200.00. Following the acquisition, the chief executive officer owned 398,939 shares of the company’s stock, valued at $243,352.79. This trade represents a 5.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

James Peter Flynn also recently made the following trade(s):

• On Wednesday, August 19th, James Peter Flynn acquired 24,000 shares of Lument Finance Trust stock. The stock was acquired at an average cost of $0.61 per share, for a total transaction of $14,640.00.

Lument Finance Trust Stock Performance

NYSE LFT opened at $0.67 on Friday. The company has a market capitalization of $34.98 million, a price-to-earnings ratio of -1.85 and a beta of 0.56. Lument Finance Trust, Inc. has a twelve month low of $0.58 and a twelve month high of $2.37. The stock has a fifty day simple moving average of $0.85 and a 200 day simple moving average of $1.10. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11.

Shares of Lument Finance Trust are set to reverse split 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 announced its earnings results 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 company had revenue of ($13.37) million for the quarter, compared to analyst estimates of $4.59 million.

Lument Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 24.0%. The ex-dividend date was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio (DPR) is -44.44%.

Hedge Funds Weigh In On Lument Finance Trust

Institutional investors have recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Lument Finance Trust by 4,362.3% in the first quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock valued at $28,000 after buying an additional 21,637 shares during the period. Bank of America Corp DE grew its position in shares of Lument Finance Trust by 3,989.4% during the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after buying an additional 14,282 shares during the period. BNP Paribas Financial Markets grew its position in shares of Lument Finance Trust by 102.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after buying an additional 9,882 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Lument Finance Trust by 302.0% in the 4th quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock valued at $47,000 after acquiring an additional 24,782 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Lument Finance Trust in the 2nd quarter valued at $55,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lument Finance Trust in a research note on Thursday, June 18th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently 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.