Short Interest in Lument Finance Trust, Inc. (NYSE:LFT) Expands By 74.9%

Lument Finance Trust, Inc. (NYSE:LFT) saw a large increase in short interest during the month of April. As of April 15th, there was short interest totalling 37,600 shares, an increase of 74.9% from the March 31st total of 21,500 shares. Based on an average daily trading volume, of 69,700 shares, the days-to-cover ratio is presently 0.5 days.

Lument Finance Trust Trading Up 3.0 %

NYSE LFT opened at $2.37 on Friday. The company has a market cap of $123.83 million, a PE ratio of 7.90 and a beta of 1.07. The company has a current ratio of 4.05, a quick ratio of 4.05 and a debt-to-equity ratio of 6.50. Lument Finance Trust has a 12 month low of $1.53 and a 12 month high of $2.56. The stock has a 50 day moving average of $2.35 and a 200-day moving average of $2.25.

Lument Finance Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 11.81%. The ex-dividend date was Wednesday, March 27th. Lument Finance Trust’s dividend payout ratio is 93.33%.

Institutional Investors Weigh In On Lument Finance Trust

Several hedge funds have recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. lifted its holdings in Lument Finance Trust by 10.1% during the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock valued at $170,000 after purchasing an additional 7,500 shares during the last quarter. Arlington Trust Co LLC acquired a new stake in Lument Finance Trust during the 4th quarter valued at $26,000. Hillsdale Investment Management Inc. acquired a new stake in Lument Finance Trust during the 4th quarter valued at $83,000. Punch & Associates Investment Management Inc. increased its position in Lument Finance Trust by 4.8% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock worth $3,449,000 after buying an additional 75,325 shares during the period. Finally, Foundations Investment Advisors LLC bought a new position in Lument Finance Trust during the 4th quarter worth $211,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

About Lument Finance Trust

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.