James Peter Flynn Acquires 20,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn bought 20,000 shares of the firm’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 completion of the transaction, the chief executive officer owned 398,939 shares in the company, valued at $243,352.79. This represents a 5.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

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 shares were bought at an average cost of $0.61 per share, for a total transaction of $14,640.00.

Lument Finance Trust Price Performance

Shares of LFT traded up $0.00 during mid-day trading on Thursday, reaching $0.61. The company had a trading volume of 159,211 shares, compared to its average volume of 219,279. Lument Finance Trust, Inc. has a twelve month low of $0.58 and a twelve month high of $2.37. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98. The company’s 50-day moving average is $0.86 and its 200-day moving average is $1.11. The company has a market capitalization of $32.08 million, a P/E ratio of -1.70 and a beta of 0.56.

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

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16). Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%. The company had revenue of ($13.37) million during the quarter, compared to the consensus estimate of $4.59 million.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.04 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 26.2%. Lument Finance Trust’s payout ratio is -44.44%.

Institutional Investors Weigh In On Lument Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of LFT. BNP Paribas Financial Markets grew its holdings in 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 acquiring an additional 9,882 shares during the period. Vanguard Group Inc. boosted its position in shares of Lument Finance Trust by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock worth $3,852,000 after purchasing an additional 12,624 shares during the last quarter. Bank of America Corp DE grew its stake 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 purchasing an additional 14,282 shares during the period. Wells Fargo & Company MN increased its holdings in Lument Finance Trust by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock valued at $72,000 after purchasing an additional 16,179 shares during the last quarter. Finally, State Street Corp lifted its stake in Lument Finance Trust by 4.2% in the fourth quarter. State Street Corp now owns 454,684 shares of the technology company’s stock valued at $659,000 after buying an additional 18,122 shares during the period. 19.45% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Lument Finance Trust

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.