Melia Wealth LLC Takes $1.31 Million Position in Lument Finance Trust, Inc. $LFT

Melia Wealth LLC bought a new stake in shares of Lument Finance Trust, Inc. (NYSE:LFT) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,421,909 shares of the technology company’s stock, valued at approximately $1,308,000. Lument Finance Trust comprises about 0.8% of Melia Wealth LLC’s holdings, making the stock its 16th largest position.

Other institutional investors have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its position in Lument Finance Trust by 4,362.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 22,133 shares of the technology company’s stock valued at $28,000 after buying an additional 21,637 shares during the last quarter. Bank of America Corp DE boosted its holdings in Lument Finance Trust by 3,989.4% during the 2nd quarter. Bank of America Corp DE now owns 14,640 shares of the technology company’s stock worth $32,000 after acquiring an additional 14,282 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Lument Finance Trust by 102.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 19,556 shares of the technology company’s stock worth $40,000 after acquiring an additional 9,882 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Lument Finance Trust by 302.0% in the 4th quarter. Russell Investments Group Ltd. now owns 32,987 shares of the technology company’s stock worth $47,000 after acquiring an additional 24,782 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Lument Finance Trust in the 2nd quarter worth $55,000. Institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Price Performance

Shares of NYSE LFT opened at $0.73 on Friday. Lument Finance Trust, Inc. has a twelve month low of $0.58 and a twelve month high of $2.37. The stock’s 50 day moving average price is $0.82 and its 200-day moving average price is $1.08. The company has a market capitalization of $38.32 million, a PE ratio of -2.03 and a beta of 0.56. The company has a quick ratio of 5.98, a current ratio of 5.98 and a debt-to-equity ratio of 6.11.

Lument Finance Trust shares are set to reverse split before the market opens on 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:LFT) last issued its quarterly earnings results on Thursday, August 13th. The technology company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.16). The business had revenue of ($13.37) million for the quarter, compared to analysts’ expectations 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 Announces Dividend

The firm also recently disclosed 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 21.9%. The ex-dividend date was Tuesday, June 30th. Lument Finance Trust’s dividend payout ratio is -44.44%.

Wall Street Analyst Weigh In

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

Lument Finance Trust Company Profile

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.