Lument Finance Trust, Inc. (NYSE:LFT) Sees Large Decline in Short Interest

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 45,800 shares, a drop of 47.2% from the February 13th total of 86,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily volume of 117,600 shares, the short-interest ratio is presently 0.4 days.

Lument Finance Trust Stock Up 0.7 %

Shares of Lument Finance Trust stock traded up $0.02 on Friday, reaching $2.73. 55,666 shares of the company were exchanged, compared to its average volume of 102,957. The stock’s 50 day moving average price is $2.65 and its 200-day moving average price is $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. Lument Finance Trust has a 1-year low of $2.16 and a 1-year high of $2.80. The company has a market cap of $142.76 million, a P/E ratio of 7.58 and a beta of 1.05.

Hedge Funds Weigh In On Lument Finance Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Melia Wealth LLC increased its stake in Lument Finance Trust by 3.5% in the fourth quarter. Melia Wealth LLC now owns 727,365 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 24,415 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Lument Finance Trust by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock valued at $1,146,000 after buying an additional 4,748 shares in the last quarter. Northern Trust Corp grew its position in shares of Lument Finance Trust by 7.5% in the 4th quarter. Northern Trust Corp now owns 85,750 shares of the technology company’s stock valued at $221,000 after buying an additional 5,991 shares during the last quarter. Millennium Management LLC acquired a new stake in Lument Finance Trust during the 4th quarter worth $160,000. Finally, NewEdge Advisors LLC lifted its position in Lument Finance Trust by 79.2% in the fourth quarter. NewEdge Advisors LLC now owns 61,179 shares of the technology company’s stock valued at $158,000 after acquiring an additional 27,037 shares during the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Company Profile

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.