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

Lument Finance Trust, Inc. (NYSE:LFT) CEO James Peter Flynn acquired 24,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were bought at an average cost of $0.61 per share, with a total value of $14,640.00. Following the completion of the purchase, the chief executive officer directly owned 422,939 shares in the company, valued at approximately $257,992.79. This trade represents a 6.02% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

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

Lument Finance Trust Stock Performance

NYSE:LFT opened at $0.61 on Friday. The company has a debt-to-equity ratio of 6.11, a current ratio of 5.98 and a quick ratio of 5.98. The firm has a 50-day moving average of $0.85 and a two-hundred day moving average of $1.11. The stock has a market cap of $32.08 million, a P/E ratio of -1.70 and a beta of 0.56. Lument Finance Trust, Inc. has a 1-year low of $0.58 and a 1-year high of $2.37.

Shares of Lument Finance Trust 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 closing bell on Wednesday, September 9th.

Lument Finance Trust (NYSE:LFT) last released its earnings results on Thursday, August 13th. The technology company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.16). Lument Finance Trust had a negative net margin of 18.00% and a positive return on equity of 0.86%. The business had revenue of ($13.37) million for the quarter, compared to the consensus estimate of $4.59 million.

Lument Finance Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.04 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.16 annualized dividend and a dividend yield of 26.2%. Lument Finance Trust’s dividend payout ratio (DPR) is currently -44.44%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. purchased a new position in Lument Finance Trust during the 1st quarter valued at about $66,000. Jane Street Group LLC grew its position in Lument Finance Trust by 117.0% during the 1st quarter. Jane Street Group LLC now owns 124,754 shares of the technology company’s stock worth $326,000 after acquiring an additional 67,254 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Lument Finance Trust by 132.9% in the second quarter. Geode Capital Management LLC now owns 1,058,721 shares of the technology company’s stock worth $2,340,000 after buying an additional 604,205 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Lument Finance Trust by 55,468.7% during the second quarter. JPMorgan Chase & Co. now owns 37,231 shares of the technology company’s stock valued at $82,000 after acquiring an additional 37,164 shares during the last quarter. Finally, New York State Common Retirement Fund purchased a new stake in Lument Finance Trust in the 2nd quarter worth approximately $98,000. 19.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

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.