James Peter Flynn Purchases 24,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn purchased 24,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were acquired at an average cost of $0.61 per share, for a total transaction of $14,640.00. Following the completion of the purchase, the chief executive officer directly owned 422,939 shares of the company’s stock, valued at approximately $257,992.79. This represents a 6.02% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Tuesday, August 18th, James Peter Flynn acquired 20,000 shares of Lument Finance Trust stock. The stock was acquired at an average price of $0.61 per share, with a total value of $12,200.00.

Lument Finance Trust Price Performance

Shares of Lument Finance Trust stock opened at $0.67 on Friday. Lument Finance Trust, Inc. has a 52-week low of $0.58 and a 52-week high of $2.37. The stock has a market capitalization of $34.98 million, a price-to-earnings ratio of -1.85 and a beta of 0.56. The company has a fifty day moving average of $0.85 and a 200-day moving average of $1.10. The company has a debt-to-equity ratio of 6.11, a quick ratio of 5.98 and a current ratio of 5.98.

Shares of Lument Finance Trust are set to reverse split on 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 issued its earnings results on Thursday, August 13th. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16). The business had revenue of ($13.37) million during the quarter, compared to analysts’ expectations of $4.59 million. Lument Finance Trust had a positive return on equity of 0.86% and a negative net margin of 18.00%.

Lument Finance Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 24.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio (DPR) is -44.44%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in LFT. Bank of America Corp DE raised its holdings in 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 valued at $32,000 after buying an additional 14,282 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Lument Finance Trust by 102.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock valued at $40,000 after buying an additional 9,882 shares during the period. PNC Financial Services Group Inc. grew its holdings in Lument Finance Trust by 4,362.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock worth $28,000 after acquiring an additional 21,637 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Lument Finance Trust in the 2nd quarter worth $55,000. Finally, Goldman Sachs Group Inc. purchased a new position in shares of Lument Finance Trust in the first quarter valued at about $66,000. Institutional investors own 19.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.