James Peter Flynn Acquires 20,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn acquired 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 18th. The shares were purchased at an average price of $0.61 per share, with a total value of $12,200.00. Following the acquisition, the chief executive officer owned 398,939 shares of the company’s stock, valued at approximately $243,352.79. This trade represents a 5.28% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Peter Flynn also recently made the following trade(s):

• On Wednesday, August 19th, James Peter Flynn bought 24,000 shares of Lument Finance Trust stock. The stock was purchased at an average price of $0.61 per share, for a total transaction of $14,640.00.

Lument Finance Trust Trading Up 0.5%

Shares of LFT stock traded up $0.00 on Thursday, hitting $0.61. The stock had a trading volume of 159,211 shares, compared to its average volume of 219,279. The company has a current ratio of 5.98, a quick ratio of 5.98 and a debt-to-equity ratio of 6.11. Lument Finance Trust, Inc. has a twelve month low of $0.58 and a twelve month high of $2.37. The company has a fifty day moving average price of $0.86 and a two-hundred day moving average price of $1.11. The firm has a market cap of $32.08 million, a P/E ratio of -1.70 and a beta of 0.56.

Shares of Lument Finance Trust are going to reverse split on the morning of 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 posted its earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.16). Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.The business had revenue of ($13.37) million for the quarter, compared to the consensus estimate of $4.59 million.

Lument Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.16 dividend on an annualized basis and a yield of 26.2%. Lument Finance Trust’s payout ratio is presently -44.44%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Lument Finance Trust in a research report on Thursday, June 18th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Lument Finance Trust

A number of institutional investors and hedge funds have recently modified their holdings of LFT. BNP Paribas Financial Markets increased its position in Lument Finance Trust by 102.2% during the third quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after buying an additional 9,882 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Lument Finance Trust by 0.7% in the third quarter. Vanguard Group Inc. now owns 1,907,084 shares of the technology company’s stock valued at $3,852,000 after buying an additional 12,624 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Lument Finance Trust by 3,989.4% during the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after acquiring an additional 14,282 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Lument Finance Trust by 46.2% during the 4th quarter. Wells Fargo & Company MN now owns 51,170 shares of the technology company’s stock worth $72,000 after acquiring an additional 16,179 shares during the period. Finally, State Street Corp increased its holdings in shares of Lument Finance Trust by 4.2% during the 4th quarter. State Street Corp now owns 454,684 shares of the technology company’s stock worth $659,000 after acquiring an additional 18,122 shares during the last quarter. 19.45% of the stock is owned by institutional investors.

Lument Finance Trust Company Profile

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.