William Houlihan Buys 10,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) Director William Houlihan acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $1.14 per share, with a total value of $11,400.00. Following the acquisition, the director owned 270,732 shares in the company, valued at $308,634.48. The trade was a 3.84% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Lument Finance Trust Trading Down 1.3%

Shares of LFT opened at $1.11 on Friday. The business has a 50-day moving average of $1.24 and a 200 day moving average of $1.36. Lument Finance Trust, Inc. has a fifty-two week low of $1.04 and a fifty-two week high of $2.65. The firm has a market cap of $57.95 million, a P/E ratio of -8.50 and a beta of 0.57. The company has a debt-to-equity ratio of 6.16, a quick ratio of 3.03 and a current ratio of 3.03.

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

Lument Finance Trust Dividend Announcement

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Lument Finance Trust

Several hedge funds have recently made changes to their positions in LFT. Geode Capital Management LLC increased its stake 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 buying an additional 604,205 shares during the period. Melia Wealth LLC grew its stake in Lument Finance Trust by 20.6% in the third quarter. Melia Wealth LLC now owns 946,406 shares of the technology company’s stock worth $1,912,000 after purchasing an additional 161,767 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in Lument Finance Trust in the first quarter worth $180,000. Jane Street Group LLC purchased a new stake in Lument Finance Trust in the fourth quarter worth $139,000. Finally, Goldman Sachs Group Inc. grew its stake in Lument Finance Trust by 71.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 112,804 shares of the technology company’s stock worth $159,000 after purchasing an additional 46,936 shares during the period. 19.45% of the stock is 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.