Lument Finance Trust (NYSE:LFT) CEO Acquires $14,640.00 in Stock

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn acquired 24,000 shares of Lument Finance Trust stock in a transaction on Wednesday, August 19th. The shares were purchased at an average price of $0.61 per share, for a total transaction of $14,640.00. Following the completion of the acquisition, the chief executive officer directly owned 422,939 shares in the company, valued at $257,992.79. This trade represents a 6.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, August 18th, James Peter Flynn acquired 20,000 shares of Lument Finance Trust stock. The stock was purchased at an average price of $0.61 per share, with a total value of $12,200.00.

Lument Finance Trust Trading Up 8.0%

NYSE:LFT opened at $0.67 on Friday. Lument Finance Trust, Inc. has a one year low of $0.58 and a one year high of $2.37. The company has a debt-to-equity ratio of 6.11, a quick ratio of 5.98 and a current ratio of 5.98. The firm has a market cap of $34.98 million, a P/E ratio of -1.85 and a beta of 0.56. The firm has a 50-day simple moving average of $0.85 and a 200-day simple moving average of $1.10.

Lument Finance Trust’s stock is scheduled 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 market closes on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFT) last released its quarterly earnings data 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 business had revenue of ($13.37) million for the quarter, compared to the consensus estimate 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 Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 24.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio (DPR) is -44.44%.

Institutional Investors Weigh In On Lument Finance Trust

Institutional investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in Lument Finance Trust by 4,362.3% in the first quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock worth $28,000 after purchasing an additional 21,637 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Lument Finance Trust by 3,989.4% during the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock valued at $32,000 after purchasing an additional 14,282 shares during the last quarter. BNP Paribas Financial Markets boosted its position in shares of Lument Finance Trust by 102.2% in the 3rd 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. Russell Investments Group Ltd. boosted its position in shares of Lument Finance Trust by 302.0% in the 4th quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock worth $47,000 after purchasing an additional 24,782 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Lument Finance Trust during the 2nd quarter worth $55,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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