Shares of Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.59 and traded as high as $2.73. Lument Finance Trust shares last traded at $2.71, with a volume of 36,615 shares changing hands.
Lument Finance Trust Trading Up 0.7 %
The firm has a market cap of $142.76 million, a PE ratio of 7.58 and a beta of 1.05. The business has a 50-day moving average price of $2.65 and a two-hundred day moving average price of $2.59. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LFT. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Lument Finance Trust in the third quarter valued at $32,000. Raymond James Financial Inc. purchased a new position in shares of Lument Finance Trust in the fourth quarter valued at $48,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Lument Finance Trust during the fourth quarter valued at $48,000. Balyasny Asset Management L.P. acquired a new stake in shares of Lument Finance Trust during the fourth quarter valued at $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Lument Finance Trust by 72.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock valued at $66,000 after acquiring an additional 11,001 shares during the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.
About Lument Finance Trust
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.
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