James Peter Flynn Acquires 24,000 Shares of Lument Finance Trust (NYSE:LFT) Stock

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn purchased 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were bought at an average price of $0.61 per share, with a total value of $14,640.00. Following the acquisition, the chief executive officer directly owned 422,939 shares of the company’s stock, valued at $257,992.79. This represents a 6.02% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

James Peter Flynn also recently made the following trade(s):

• On Tuesday, August 18th, James Peter Flynn bought 20,000 shares of Lument Finance Trust stock. The stock was purchased at an average price of $0.61 per share, with a total value of $12,200.00.

Lument Finance Trust Stock Up 0.5%

Lument Finance Trust stock traded up $0.00 during midday trading on Thursday, hitting $0.61. 159,211 shares of the stock were exchanged, 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 company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11. The business’s 50-day moving average price is $0.86 and its 200-day moving average price is $1.11. The stock has a market capitalization of $32.08 million, a price-to-earnings ratio of -1.70 and a beta of 0.56.

Lument Finance Trust shares are going to reverse split on Thursday, September 10th. The 1-10 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data 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). The business had revenue of ($13.37) million during the quarter, compared to the consensus estimate of $4.59 million. Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%.

Lument Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 26.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio is currently -44.44%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of LFT. Susquehanna International Group LLP lifted its position in shares of Lument Finance Trust by 957.6% during the second quarter. Susquehanna International Group LLP now owns 182,226 shares of the technology company’s stock worth $168,000 after acquiring an additional 164,996 shares in the last quarter. Melia Wealth LLC purchased a new stake in Lument Finance Trust during the 2nd quarter worth about $1,308,000. Callan Family Office LLC purchased a new stake in Lument Finance Trust during the 2nd quarter worth about $71,000. BlackRock Inc. bought a new position in Lument Finance Trust in the 2nd quarter worth about $344,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Lument Finance Trust during the 1st quarter valued at about $180,000. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

About Lument Finance Trust

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.