Lument Finance Trust, Inc. (NYSE:LFT) sees significant drop in short-term interest


Lument Finance Trust, Inc. (NYSE: LFTGet a rating) saw a sharp decline in short-term interest in May. As of May 15, there was short interest totaling 51,800 shares, down 30.4% from April 30’s total of 74,400 shares. Based on an average daily volume of 140,900 shares, the short interest ratio is currently 0.4 days.

Shares of NYSE LFT opened at $2.54 on Friday. Lument Finance Trust has a 12-month low of $2.31 and a 12-month high of $4.48. The company has a market capitalization of $132.65 million, a P/E ratio of 10.58 and a beta of 1.18. The company has a current ratio of 7.16, a quick ratio of 7.16 and a debt ratio of 4.56. The stock has a fifty-day moving average price of $2.66 and a 200-day moving average price of $3.18.

Lument Finance Trust (NYSE: LFTGet a rating) last announced its quarterly results on Monday, May 9. The tech company reported earnings per share (EPS) of $0.05 for the quarter, missing the consensus estimate of $0.09 per ($0.04). Lument Finance Trust posted a net margin of 25.54% and a return on equity of 8.24%. During the same period last year, the company earned earnings per share of $0.11. On average, sell-side analysts expect Lument Finance Trust to post an EPS of 0.28 for the current financial year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15. Shareholders of record on Thursday, March 31 received a dividend of $0.06 per share. The ex-dividend date was Wednesday, March 30. This represents an annualized dividend of $0.24 and a dividend yield of 9.45%. Lument Finance Trust’s dividend payout ratio is currently 100.00%.

A number of equity research analysts have recently released reports on the company. Raymond James cut his price target on Lument Finance Trust from $4.50 to $3.75 and set an “outperform” rating on the stock in a Thursday, March 17 research note. Zacks Investment Research upgraded Lument Finance Trust from a “sell” to a “hold” rating in a Tuesday, April 12 research note. Finally, LADENBURG THALM/SH SH downgraded Lument Finance Trust from a “buy” rating to a “neutral” rating in a Thursday, March 17 research note. Two equity research analysts gave the stock a hold rating and four gave the company a buy rating. Based on data from MarketBeat.com, Lument Finance Trust has an average rating of “Buy” and a consensus target price of $4.35.

Separately, director James Christopher Hunt bought 15,000 shares in a trade that took place on Monday, March 21. The shares were acquired at an average price of $2.79 per share, for a total transaction of $41,850.00. The acquisition was disclosed in a filing with the SEC, which is available via the SEC website. Additionally, CEO James Peter Flynn purchased 13,500 shares in a trade that took place on Monday, March 21. The shares were purchased at an average price of $2.82 per share, for a total transaction of $38,070.00. Disclosure of this purchase can be found here. Insiders acquired a total of 54,500 shares of the company worth $147,490 during the last quarter. 2.00% of the shares are currently held by insiders.

Several hedge funds have recently changed their LFT holdings. Advisor Group Holdings Inc. increased its position in shares of Lument Finance Trust by 57.9% during the third quarter. Advisor Group Holdings Inc. now owns 112,535 shares of the technology company worth $446,000 after buying 41,243 additional shares in the last quarter. BlackRock Inc. increased its position in shares of Lument Finance Trust by 34.3% during the third quarter. BlackRock Inc. now owns 167,616 shares of the technology company worth $664,000 after buying 42,811 additional shares in the last quarter. Geode Capital Management LLC increased its stake in Lument Finance Trust by 7.0% in the third quarter. Geode Capital Management LLC now owns 123,847 shares of the technology company worth $490,000 after acquiring 8,101 additional shares in the last quarter. Morling Financial Advisors LLC bought a new position in Lument Finance Trust in the fourth quarter worth approximately $98,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Lument Finance Trust in the fourth quarter worth about $70,000. 59.65% of the shares are currently held by institutional investors and hedge funds.

Lument Finance Trust Company Profile (Get a rating)

Lument Finance Trust, Inc, a real estate investment trust, is focused on investing, financing and managing a portfolio of commercial real estate (CRE) investments in the United States. The Company invests primarily in transitional variable rate commercial mortgages on mid-market multi-family assets; and other CRE-related investments, including mezzanine loans, preferred shares, commercial mortgage-backed securities, fixed rate loans, construction loans, and other CRE debt instruments .

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