Insider Buying: Lument Finance Trust (NYSE:LFT) Director Purchases $12,000.00 in Stock

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

Lument Finance Trust Trading Up 0.5%

NYSE LFT traded up $0.00 on Thursday, hitting $0.61. The company’s stock had a trading volume of 159,211 shares, compared to its average volume of 219,279. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11. Lument Finance Trust, Inc. has a 1-year low of $0.58 and a 1-year high of $2.37. The company’s 50-day moving average is $0.86 and its 200 day moving average is $1.11. The firm has a market cap of $32.08 million, a PE ratio of -1.70 and a beta of 0.56.

Lument Finance Trust shares are scheduled 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 market closes on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates 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 business 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 announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 26.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio (DPR) is currently -44.44%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued 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, the stock currently has a consensus rating of “Sell”.

Institutional Trading of Lument Finance Trust

Hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. acquired a new position in shares of Lument Finance Trust during the 1st quarter valued at $66,000. Jane Street Group LLC increased its stake in Lument Finance Trust by 117.0% in the first quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock valued at $326,000 after purchasing an additional 67,254 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Lument Finance Trust by 132.9% during the second 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 period. JPMorgan Chase & Co. boosted its position in shares of Lument Finance Trust by 55,468.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 37,231 shares of the technology company’s stock worth $82,000 after purchasing an additional 37,164 shares in the last quarter. Finally, New York State Common Retirement Fund bought a new position in shares of Lument Finance Trust during the 2nd quarter worth about $98,000. Institutional investors own 19.45% of the company’s stock.

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.