Insider Buying: Lument Finance Trust (NYSE:LFT) Director Acquires 20,000 Shares

Lument Finance Trust, Inc. (NYSE:LFT) Director William Houlihan purchased 20,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average price of $0.60 per share, for a total transaction of $12,000.00. Following the acquisition, the director owned 300,732 shares of the company’s stock, valued at approximately $180,439.20. This represents a 7.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lument Finance Trust Stock Up 0.5%

Shares of NYSE LFT traded up $0.00 during midday trading on Thursday, hitting $0.61. 159,211 shares of the stock traded hands, compared to its average volume of 219,279. The company has a market cap of $32.08 million, a PE ratio of -1.70 and a beta of 0.56. Lument Finance Trust, Inc. has a one year low of $0.58 and a one year high of $2.37. The business has a 50 day moving average price of $0.86 and a two-hundred day moving average price of $1.11. The company has a debt-to-equity ratio of 6.11, a quick ratio of 5.98 and a current ratio of 5.98.

Shares of Lument Finance Trust are going 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 closing bell on Wednesday, September 9th.

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

Lument Finance Trust Announces Dividend

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

Institutional Trading of Lument Finance Trust

Several hedge funds have recently made changes to their positions in the company. Susquehanna International Group LLP raised its position in shares of Lument Finance Trust by 957.6% in the second quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock valued at $168,000 after purchasing an additional 164,996 shares during the period. Melia Wealth LLC purchased a new stake in shares of Lument Finance Trust in the second quarter worth $1,308,000. Callan Family Office LLC purchased a new stake in shares of Lument Finance Trust in the 2nd quarter valued at about $71,000. BlackRock Inc. purchased a new stake in Lument Finance Trust in the second quarter valued at approximately $344,000. Finally, Segall Bryant & Hamill LLC purchased a new stake in shares of Lument Finance Trust during the 1st quarter valued at $180,000. 19.45% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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