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

Lument Finance Trust, Inc. (NYSE:LFT) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 86,800 shares, a growth of 27.5% from the January 31st total of 68,100 shares. Based on an average daily trading volume, of 118,200 shares, the short-interest ratio is presently 0.7 days.

Institutional Trading of Lument Finance Trust

A number of large investors have recently modified their holdings of the company. Melia Wealth LLC boosted its holdings in shares of Lument Finance Trust by 3.5% in the fourth quarter. Melia Wealth LLC now owns 727,365 shares of the technology company’s stock valued at $1,877,000 after purchasing an additional 24,415 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Lument Finance Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock valued at $1,146,000 after purchasing an additional 4,748 shares during the period. Northern Trust Corp boosted its holdings in shares of Lument Finance Trust by 7.5% in the fourth quarter. Northern Trust Corp now owns 85,750 shares of the technology company’s stock valued at $221,000 after purchasing an additional 5,991 shares during the period. Millennium Management LLC purchased a new stake in shares of Lument Finance Trust in the fourth quarter valued at approximately $160,000. Finally, NewEdge Advisors LLC raised its stake in Lument Finance Trust by 79.2% in the fourth quarter. NewEdge Advisors LLC now owns 61,179 shares of the technology company’s stock worth $158,000 after buying an additional 27,037 shares in the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Stock Down 1.6 %

Shares of NYSE:LFT opened at $2.69 on Friday. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The firm has a market capitalization of $140.40 million, a PE ratio of 7.46 and a beta of 1.07. The business has a 50 day simple moving average of $2.64 and a two-hundred day simple moving average of $2.58. Lument Finance Trust has a 1 year low of $2.16 and a 1 year high of $2.80.

Lument Finance Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were issued a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 13.41%. Lument Finance Trust’s payout ratio is 88.89%.

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.