Lument Finance Trust (NYSE:LFT) Director William Houlihan Acquires 10,000 Shares

Lument Finance Trust, Inc. (NYSE:LFT) Director William Houlihan bought 10,000 shares of Lument Finance Trust stock in a transaction dated Wednesday, May 20th. The stock was acquired at an average price of $1.14 per share, with a total value of $11,400.00. Following the acquisition, the director directly owned 270,732 shares of the company’s stock, valued at approximately $308,634.48. This represents a 3.84% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Lument Finance Trust Price Performance

LFT opened at $1.11 on Friday. The stock has a fifty day moving average of $1.24 and a 200-day moving average of $1.36. The firm has a market capitalization of $57.95 million, a P/E ratio of -8.50 and a beta of 0.57. Lument Finance Trust, Inc. has a 12-month low of $1.04 and a 12-month high of $2.65. The company has a quick ratio of 3.03, a current ratio of 3.03 and a debt-to-equity ratio of 6.16.

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

Lument Finance Trust Dividend Announcement

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

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Lument Finance Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 29th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Trading of Lument Finance Trust

Several hedge funds and other institutional investors have recently modified their holdings of LFT. PNC Financial Services Group Inc. raised its holdings in shares of Lument Finance Trust by 4,362.3% during the first quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock worth $28,000 after acquiring an additional 21,637 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Lument Finance Trust by 3,989.4% during the second quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after acquiring an additional 14,282 shares in the last quarter. James Investment Research Inc. raised its holdings in shares of Lument Finance Trust by 80.0% during the third quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after acquiring an additional 8,000 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Lument Finance Trust by 102.2% during 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. Finally, Russell Investments Group Ltd. increased its position in Lument Finance Trust by 302.0% during the fourth quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock worth $47,000 after buying an additional 24,782 shares during the last quarter. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

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.