William Houlihan Buys 20,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) Director William Houlihan purchased 20,000 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The shares were bought at an average cost of $0.60 per share, for a total transaction of $12,000.00. Following the completion of the purchase, the director directly owned 300,732 shares of the company’s stock, valued at $180,439.20. The trade was a 7.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Lument Finance Trust Stock Performance

LFT stock opened at $0.67 on Friday. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98. The company has a 50 day moving average price of $0.85 and a 200 day moving average price of $1.10. Lument Finance Trust, Inc. has a fifty-two week low of $0.58 and a fifty-two week high of $2.37. The stock has a market capitalization of $34.98 million, a PE ratio of -1.85 and a beta of 0.56.

Lument Finance Trust’s stock is 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 announced its quarterly earnings data on Thursday, August 13th. The technology company reported ($0.10) 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 negative net margin of 18.00% and a positive return on equity of 0.86%.

Lument Finance Trust Dividend Announcement

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

Hedge Funds Weigh In On Lument Finance Trust

Several hedge funds have recently added to or reduced their stakes in LFT. Goldman Sachs Group Inc. bought a new position in Lument Finance Trust during the first quarter worth about $66,000. Jane Street Group LLC increased its stake in shares of Lument Finance Trust by 117.0% in the 1st quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock valued at $326,000 after acquiring an additional 67,254 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Lument Finance Trust by 132.9% in the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock valued at $2,340,000 after acquiring an additional 604,205 shares during the period. JPMorgan Chase & Co. raised its position in shares of Lument Finance Trust by 55,468.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 37,231 shares of the technology company’s stock valued at $82,000 after acquiring an additional 37,164 shares during the period. Finally, New York State Common Retirement Fund acquired a new stake in shares of Lument Finance Trust in the 2nd quarter valued at approximately $98,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated 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 data from MarketBeat.com, the company 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.