Insider Buying: Lument Finance Trust (NYSE:LFT) CEO Purchases $14,640.00 in Stock

Lument Finance Trust, Inc. (NYSE:LFTGet Free Report) CEO James Peter Flynn purchased 24,000 shares of Lument Finance Trust stock in a transaction dated Wednesday, August 19th. The shares were purchased at an average price of $0.61 per share, with a total value of $14,640.00. Following the completion of the transaction, the chief executive officer directly owned 422,939 shares in the company, valued at approximately $257,992.79. This represents a 6.02% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link.

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 shares were acquired at an average cost of $0.61 per share, with a total value of $12,200.00.

Lument Finance Trust Price Performance

NYSE:LFT traded up $0.00 during trading hours on Thursday, hitting $0.61. 159,211 shares of the company’s stock traded hands, compared to its average volume of 219,279. Lument Finance Trust, Inc. has a 52 week low of $0.58 and a 52 week high of $2.37. The business’s fifty day simple moving average is $0.86 and its two-hundred day simple moving average is $1.11. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11. The firm has a market cap of $32.08 million, a P/E ratio of -1.70 and a beta of 0.56.

Lument Finance Trust shares 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 market closes on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFTGet Free Report) last issued its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16). Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%. 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. This represents a $0.16 dividend on an annualized basis and a yield of 26.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s payout ratio is currently -44.44%.

Hedge Funds Weigh In On Lument Finance Trust

A number of large investors have recently modified their holdings of LFT. Melia Wealth LLC bought a new stake in shares of Lument Finance Trust in the 2nd quarter worth approximately $1,308,000. Geode Capital Management LLC grew its holdings in shares of Lument Finance Trust by 132.9% during the 2nd quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock valued at $2,340,000 after purchasing an additional 604,205 shares during the last quarter. BlackRock Inc. purchased a new position in Lument Finance Trust in the 2nd quarter worth $344,000. Susquehanna International Group LLP raised its position in Lument Finance Trust by 957.6% in the 2nd quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after purchasing an additional 164,996 shares during the period. Finally, Segall Bryant & Hamill LLC bought a new stake in Lument Finance Trust in the first quarter worth $180,000. 19.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Report on LFT

Lument Finance Trust Company Profile

(Get Free Report)

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.

Further Reading

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