Lument Finance Trust, Inc. (NYSE:LFT) Short Interest Up 54.4% in October

by · The Cerbat Gem

Lument Finance Trust, Inc. (NYSE:LFT – Get Free Report) was the target of a large growth in short interest in October. As of October 15th, there was short interest totalling 132,800 shares, a growth of 54.4% from the September 30th total of 86,000 shares. Based on an average daily volume of 90,200 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On Lument Finance Trust

A number of large investors have recently added to or reduced their stakes in LFT. Vanguard Group Inc. lifted its stake in Lument Finance Trust by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock valued at $3,879,000 after buying an additional 127,887 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in shares of Lument Finance Trust by 110.7% during the first quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock valued at $187,000 after acquiring an additional 39,396 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Lument Finance Trust during the second quarter worth approximately $55,000. Sei Investments Co. acquired a new stake in Lument Finance Trust in the 2nd quarter worth about $54,000. Finally, LSV Asset Management purchased a new position in shares of Lument Finance Trust during the 1st quarter worth about $41,000. 19.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Read Our Latest Report on Lument Finance Trust

Lument Finance Trust Stock Performance

LFT stock traded up $0.01 on Friday, hitting $2.56. The company’s stock had a trading volume of 41,893 shares, compared to its average volume of 91,461. Lument Finance Trust has a 1 year low of $1.91 and a 1 year high of $2.75. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 5.64. The stock has a market cap of $133.78 million, a price-to-earnings ratio of 8.00 and a beta of 1.06. The firm has a 50 day moving average of $2.51 and a two-hundred day moving average of $2.48.

Lument Finance Trust (NYSE:LFT – Get Free Report) last posted its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $30.64 million for the quarter, compared to analyst estimates of $9.82 million. Lument Finance Trust had a return on equity of 14.10% and a net margin of 16.91%. During the same period in the previous year, the business posted $0.04 earnings per share. Equities analysts predict that Lument Finance Trust will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 12.50%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is presently 100.00%.

About Lument Finance Trust

(Get Free Report)

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.

Read More