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

Melia Wealth LLC lifted its stake in Lument Finance Trust, Inc. (NYSE:LFT) by 4.8% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 784,639 shares of the technology company’s stock after purchasing an additional 35,606 shares during the quarter. Lument Finance Trust comprises about 0.8% of Melia Wealth LLC’s portfolio, making the stock its 17th largest holding. Melia Wealth LLC owned about 1.50% of Lument Finance Trust worth $1,734,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Y Intercept Hong Kong Ltd increased its holdings in Lument Finance Trust by 59.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 29,563 shares of the technology company’s stock worth $77,000 after buying an additional 11,058 shares during the period. Bailard Inc. acquired a new position in Lument Finance Trust in the 1st quarter worth approximately $47,000. Goldman Sachs Group Inc. acquired a new position in Lument Finance Trust in the 1st quarter worth approximately $66,000. Jane Street Group LLC increased its holdings in Lument Finance Trust by 117.0% in the 1st quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock worth $326,000 after buying an additional 67,254 shares during the period. Finally, OMERS ADMINISTRATION Corp acquired a new position in Lument Finance Trust in the 1st quarter worth approximately $55,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analyst Upgrades and Downgrades

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

Lument Finance Trust Price Performance

Shares of NYSE LFT opened at $1.78 on Tuesday. The stock has a market capitalization of $92.90 million, a price-to-earnings ratio of 9.34 and a beta of 0.81. Lument Finance Trust, Inc. has a 12 month low of $1.76 and a 12 month high of $2.84. The firm’s 50 day simple moving average is $2.14 and its 200-day simple moving average is $2.33. The company has a debt-to-equity ratio of 4.35, a current ratio of 6.41 and a quick ratio of 6.41.

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

Lument Finance Trust Cuts Dividend

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

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.