Lument Finance Trust, Inc. (NYSE:LFT) Sees Large Decrease in Short Interest

Lument Finance Trust, Inc. (NYSE:LFT) saw a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 81,500 shares, a decrease of 38.6% from the October 15th total of 132,800 shares. Based on an average daily volume of 84,000 shares, the short-interest ratio is currently 1.0 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new stake in Lument Finance Trust in the 2nd quarter valued at $27,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Lument Finance Trust in the third quarter valued at $32,000. Sei Investments Co. bought a new position in shares of Lument Finance Trust in the second quarter valued at about $54,000. Acadian Asset Management LLC acquired a new stake in shares of Lument Finance Trust during the 2nd quarter worth about $55,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Lument Finance Trust by 72.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock worth $66,000 after buying an additional 11,001 shares during the period. 19.45% of the stock is currently owned by institutional investors and hedge funds.

Lument Finance Trust Stock Up 2.4 %

LFT stock traded up $0.06 during trading hours on Friday, reaching $2.52. 76,071 shares of the stock were exchanged, compared to its average volume of 91,029. The company has a market cap of $131.78 million, a price-to-earnings ratio of 7.00 and a beta of 1.07. The firm’s 50-day moving average is $2.51 and its 200-day moving average is $2.50. Lument Finance Trust has a 12 month low of $2.00 and a 12 month high of $2.75. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 5.78.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The business had revenue of $28.93 million for the quarter, compared to analyst estimates of $9.06 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. On average, equities research analysts expect that Lument Finance Trust will post 0.42 earnings per share for the current year.

Lument Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a yield of 12.70%. The ex-dividend date was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is currently 88.89%.

Analyst Upgrades and Downgrades

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

Lument Finance Trust Company Profile

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.