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

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn acquired 20,000 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was bought at an average cost of $0.61 per share, with a total value of $12,200.00. Following the acquisition, the chief executive officer owned 398,939 shares in the company, valued at $243,352.79. The trade was a 5.28% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

James Peter Flynn also recently made the following trade(s):

• On Wednesday, August 19th, James Peter Flynn bought 24,000 shares of Lument Finance Trust stock. The stock was purchased at an average price of $0.61 per share, with a total value of $14,640.00.

Lument Finance Trust Stock Up 0.5%

LFT stock opened at $0.61 on Friday. The business’s 50 day simple moving average is $0.85 and its 200 day simple moving average is $1.11. Lument Finance Trust, Inc. has a 1-year low of $0.58 and a 1-year high of $2.37. The firm has a market capitalization of $32.08 million, a PE ratio of -1.70 and a beta of 0.56. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 6.11.

Shares of Lument Finance Trust are going to reverse split before the market opens on Thursday, September 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFT) last released 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). The business had revenue of ($13.37) million during the quarter, compared to analyst estimates of $4.59 million. Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%.

Lument Finance Trust Announces Dividend

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

Institutional Investors Weigh In On Lument Finance Trust

A number of hedge funds have recently made changes to their positions in LFT. Melia Wealth LLC bought a new position in shares of Lument Finance Trust in the 2nd quarter valued at $1,308,000. Geode Capital Management LLC grew its position in Lument Finance Trust by 132.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock worth $2,340,000 after acquiring an additional 604,205 shares during the last quarter. BlackRock Inc. bought a new stake in Lument Finance Trust during the 2nd quarter worth $344,000. Susquehanna International Group LLP increased its holdings in Lument Finance Trust by 957.6% in the 2nd quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after purchasing an additional 164,996 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new position in Lument Finance Trust in the first quarter valued at about $180,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Lument Finance Trust in a report on Thursday, June 18th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock presently has an average 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.