Melia Wealth LLC Increases Stock Holdings in Lument Finance Trust, Inc. $LFT

Melia Wealth LLC increased its holdings in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 784,639 shares of the technology company’s stock after buying an additional 35,606 shares during the period. Lument Finance Trust comprises approximately 0.8% of Melia Wealth LLC’s investment portfolio, making the stock its 17th largest holding. Melia Wealth LLC’s holdings in Lument Finance Trust were worth $1,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Jane Street Group LLC lifted its position in shares of Lument Finance Trust by 117.0% during the 1st quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock valued at $326,000 after buying an additional 67,254 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its position in shares of Lument Finance Trust by 59.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 29,563 shares of the technology company’s stock valued at $77,000 after buying an additional 11,058 shares in the last quarter. Goldman Sachs Group Inc. purchased a new position in shares of Lument Finance Trust during the 1st quarter valued at approximately $66,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Lument Finance Trust during the 1st quarter valued at approximately $55,000. Finally, Bailard Inc. purchased a new position in shares of Lument Finance Trust during the 1st quarter valued at approximately $47,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Trading Up 0.9%

Shares of LFT stock opened at $1.78 on Tuesday. The stock’s fifty day moving average is $2.14 and its two-hundred day moving average is $2.33. The company has a debt-to-equity ratio of 4.35, a quick ratio of 6.41 and a current ratio of 6.41. The firm has a market capitalization of $92.90 million, a P/E ratio of 9.34 and a beta of 0.81. Lument Finance Trust, Inc. has a fifty-two week low of $1.76 and a fifty-two week high of $2.84.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Friday, August 8th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The firm had revenue of $6.96 million during the quarter, compared to analysts’ expectations of $8.66 million. Lument Finance Trust had a net margin of 14.50% and a return on equity of 12.51%. Research analysts expect that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.04 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.16 dividend on an annualized basis and a yield of 9.0%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 84.21%.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Lument Finance Trust in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating, According to MarketBeat, Lument Finance Trust presently has an average rating of “Hold”.

Lument Finance Trust 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.