Short Interest in Lument Finance Trust, Inc. (NYSE:LFT) Grows By 74.9%

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 37,600 shares, a growth of 74.9% from the March 31st total of 21,500 shares. Based on an average daily trading volume, of 69,700 shares, the short-interest ratio is presently 0.5 days.

Lument Finance Trust Price Performance

Shares of Lument Finance Trust stock opened at $2.37 on Monday. The firm has a market cap of $123.83 million, a PE ratio of 7.90 and a beta of 1.07. The company’s fifty day simple moving average is $2.35 and its two-hundred day simple moving average is $2.26. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50. Lument Finance Trust has a 12-month low of $1.53 and a 12-month high of $2.56.

Lument Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 11.81%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 93.33%.

Hedge Funds Weigh In On Lument Finance Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in LFT. Melia Wealth LLC purchased a new position in Lument Finance Trust during the 1st quarter valued at $489,000. Foundations Investment Advisors LLC bought a new stake in shares of Lument Finance Trust during the 4th quarter valued at about $211,000. Punch & Associates Investment Management Inc. increased its position in shares of Lument Finance Trust by 4.8% during the third quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock valued at $3,449,000 after buying an additional 75,325 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Lument Finance Trust during the fourth quarter valued at about $83,000. Finally, Arlington Trust Co LLC bought a new position in Lument Finance Trust in the fourth quarter worth about $26,000. Institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Company Profile

Lument Finance Trust, Inc, a real estate investment trust, focuses on investing in, financing, and managing a portfolio of commercial real estate (CRE) debt investments in the United States. The company primarily invests in transitional floating rate CRE mortgage loans on middle market multi-family assets; and other CRE -related investments, including mezzanine loans, preferred equity, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments.