PL Capital Advisors LLC Decreases Stake in Lument Finance Trust, Inc. (NYSE:LFT)

PL Capital Advisors LLC lessened its holdings in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 21.2% in the 3rd quarter, Holdings Channel reports. The fund owned 286,148 shares of the technology company’s stock after selling 76,794 shares during the quarter. Lument Finance Trust accounts for 0.2% of PL Capital Advisors LLC’s holdings, making the stock its 26th largest holding. PL Capital Advisors LLC’s holdings in Lument Finance Trust were worth $724,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Sei Investments Co. acquired a new position in shares of Lument Finance Trust during the 2nd quarter worth approximately $54,000. Mercer Global Advisors Inc. ADV acquired a new position in Lument Finance Trust during the second quarter worth $27,000. Acadian Asset Management LLC acquired a new position in Lument Finance Trust during the second quarter worth $55,000. Hillsdale Investment Management Inc. grew its holdings in Lument Finance Trust by 110.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock valued at $187,000 after buying an additional 39,396 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Lument Finance Trust by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after acquiring an additional 127,887 shares during the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Stock Up 0.4 %

Shares of NYSE LFT opened at $2.45 on Friday. Lument Finance Trust, Inc. has a 1 year low of $1.93 and a 1 year high of $2.75. The company has a market capitalization of $128.09 million, a P/E ratio of 6.81 and a beta of 1.07. The company has a 50 day simple moving average of $2.51 and a 200-day simple moving average of $2.49. The company has a debt-to-equity ratio of 5.64, a current ratio of 5.78 and a quick ratio of 5.78.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings results on Monday, August 12th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The business had revenue of $30.64 million during the quarter, compared to analyst estimates of $9.82 million. Lument Finance Trust had a net margin of 16.91% and a return on equity of 14.10%. During the same period last year, the company earned $0.04 EPS. On average, equities research analysts predict that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.06%. The ex-dividend date of this dividend was Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is 88.89%.

Analyst Ratings Changes

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, September 19th.

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.