Lument Finance Trust (NYSE:LFT) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Lument Finance Trust, Inc. (NYSE:LFT) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.59 and traded as high as $2.73. Lument Finance Trust shares last traded at $2.71, with a volume of 36,615 shares.

Lument Finance Trust Trading Up 0.7 %

The company has a fifty day moving average of $2.65 and a two-hundred day moving average of $2.59. The stock has a market capitalization of $142.76 million, a price-to-earnings ratio of 7.58 and a beta of 1.05. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Melia Wealth LLC raised its position in Lument Finance Trust by 3.5% in the fourth quarter. Melia Wealth LLC now owns 727,365 shares of the technology company’s stock worth $1,877,000 after acquiring an additional 24,415 shares in the last quarter. Geode Capital Management LLC raised its position in Lument Finance Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock worth $1,146,000 after acquiring an additional 4,748 shares in the last quarter. Northern Trust Corp raised its position in Lument Finance Trust by 7.5% in the fourth quarter. Northern Trust Corp now owns 85,750 shares of the technology company’s stock worth $221,000 after acquiring an additional 5,991 shares in the last quarter. Millennium Management LLC purchased a new position in Lument Finance Trust in the fourth quarter worth $160,000. Finally, NewEdge Advisors LLC raised its position in Lument Finance Trust by 79.2% in the fourth quarter. NewEdge Advisors LLC now owns 61,179 shares of the technology company’s stock worth $158,000 after acquiring an additional 27,037 shares in the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

About Lument Finance Trust

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.