Lument Finance Trust, Inc. (NYSE:LFT) Shares Sold by PL Capital Advisors LLC

PL Capital Advisors LLC trimmed its holdings in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 9.1% during the fourth quarter, Holdings Channel reports. The firm owned 1,433,156 shares of the technology company’s stock after selling 143,362 shares during the quarter. Lument Finance Trust comprises 1.2% of PL Capital Advisors LLC’s portfolio, making the stock its 23rd largest holding. PL Capital Advisors LLC’s holdings in Lument Finance Trust were worth $3,339,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Johnson Investment Counsel Inc. increased its holdings in shares of Lument Finance Trust by 10.1% in the 3rd quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock worth $170,000 after acquiring an additional 7,500 shares during the period. Arlington Trust Co LLC acquired a new stake in shares of Lument Finance Trust in the 4th quarter worth about $26,000. Finally, Punch & Associates Investment Management Inc. increased its holdings in shares of Lument Finance Trust by 4.8% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 1,658,087 shares of the technology company’s stock worth $3,449,000 after acquiring an additional 75,325 shares during the period. 19.45% of the stock is owned by institutional investors and hedge funds.

Lument Finance Trust Stock Up 3.0 %

LFT stock opened at $2.37 on Friday. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 6.50. Lument Finance Trust, Inc. has a fifty-two week low of $1.53 and a fifty-two week high of $2.56. The firm’s 50-day simple moving average is $2.35 and its 200 day simple moving average is $2.25. The stock has a market cap of $123.83 million, a PE ratio of 7.90 and a beta of 1.07.

Lument Finance Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were issued a $0.07 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 11.81%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 93.33%.

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.