Deltec Asset Management LLC Has $587,000 Position in Lument Finance Trust, Inc. (NYSE:LFT)

Deltec Asset Management LLC lowered its stake in Lument Finance Trust, Inc. (NYSE:LFT - Free Report) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 227,700 shares of the technology company's stock after selling 171,948 shares during the quarter. Deltec Asset Management LLC owned approximately 0.44% of Lument Finance Trust worth $587,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in LFT. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lument Finance Trust during the 3rd quarter worth approximately $32,000. Sei Investments Co. acquired a new position in shares of Lument Finance Trust during the second quarter worth $54,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Lument Finance Trust by 72.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company's stock valued at $66,000 after acquiring an additional 11,001 shares during the last quarter. Glenmede Trust Co. NA bought a new position in shares of Lument Finance Trust in the 3rd quarter valued at $85,000. Finally, Barclays PLC acquired a new stake in shares of Lument Finance Trust during the 3rd quarter valued at $120,000. 19.45% of the stock is currently owned by institutional investors and hedge funds.

Lument Finance Trust Price Performance

LFT traded up $0.01 on Friday, reaching $2.71. The stock had a trading volume of 146,907 shares, compared to its average volume of 89,342. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The company has a market capitalization of $141.44 million, a price-to-earnings ratio of 7.51 and a beta of 1.07. Lument Finance Trust, Inc. has a fifty-two week low of $2.16 and a fifty-two week high of $2.79. The firm has a 50-day moving average of $2.62 and a 200-day moving average of $2.56.

Lument Finance Trust (NYSE:LFT - Get Free Report) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.09 by $0.01. Lument Finance Trust had a net margin of 18.19% and a return on equity of 14.41%. The business had revenue of $28.93 million during the quarter, compared to analyst estimates of $9.06 million. During the same quarter last year, the business earned $0.11 EPS. As a group, sell-side analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 13.31%. Lument Finance Trust's dividend payout ratio is 88.89%.

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.