Insider Buying: Lument Finance Trust (NYSE:LFT) Director Acquires 10,000 Shares of Stock

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

Lument Finance Trust Price Performance

NYSE:LFT traded down $0.02 during trading hours on Friday, reaching $1.11. The company had a trading volume of 124,490 shares, compared to its average volume of 171,206. The stock has a 50-day moving average of $1.25 and a two-hundred day moving average of $1.37. Lument Finance Trust, Inc. has a one year low of $1.04 and a one year high of $2.65. The firm has a market capitalization of $57.95 million, a PE ratio of -8.50 and a beta of 0.57. 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 announced its quarterly 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 during the quarter, compared to the consensus estimate of $4.59 million.

Lument Finance Trust Announces Dividend

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

Hedge Funds Weigh In On Lument Finance Trust

A number of institutional investors and hedge funds have recently bought and sold shares of the business. James Investment Research Inc. boosted its stake in Lument Finance Trust by 80.0% in the third quarter. James Investment Research Inc. now owns 18,000 shares of the technology company’s stock worth $36,000 after purchasing an additional 8,000 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Lument Finance Trust by 102.2% in the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after purchasing an additional 9,882 shares in the last quarter. Vanguard Group Inc. boosted its stake in Lument Finance Trust by 0.7% in the third 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 in the last quarter. Bank of America Corp DE lifted 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 valued at $32,000 after acquiring an additional 14,282 shares during the period. Finally, Bailard Inc. lifted its stake in shares of Lument Finance Trust by 36.6% during the third quarter. Bailard Inc. now owns 54,000 shares of the technology company’s stock valued at $109,000 after acquiring an additional 14,475 shares during the period. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen raised Lument Finance Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

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.