Lument Finance Trust, Inc. (NYSE:LFT) Sees Large Decline in Short Interest

Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) was the target of a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 45,800 shares, a decline of 47.2% from the February 13th total of 86,800 shares. Based on an average trading volume of 117,600 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the company are sold short.

Lument Finance Trust Stock Performance

Shares of NYSE:LFT traded down $0.01 during midday trading on Monday, reaching $2.75. 114,826 shares of the company traded hands, compared to its average volume of 103,005. The firm's fifty day moving average price is $2.65 and its two-hundred day moving average price is $2.59. The firm has a market capitalization of $143.54 million, a price-to-earnings ratio of 7.63 and a beta of 1.05. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. Lument Finance Trust has a 12 month low of $2.16 and a 12 month high of $2.80.

Institutional Investors Weigh In On Lument Finance Trust

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its holdings in shares of Lument Finance Trust by 1.1% in the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company's stock worth $1,146,000 after purchasing an additional 4,748 shares during the period. Northern Trust Corp grew its position in Lument Finance Trust by 7.5% during the fourth quarter. Northern Trust Corp now owns 85,750 shares of the technology company's stock worth $221,000 after buying an additional 5,991 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Lument Finance Trust in the 3rd quarter valued at about $32,000. Finally, Foundations Investment Advisors LLC boosted its position in shares of Lument Finance Trust by 32.2% during the 4th quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company's stock valued at $156,000 after acquiring an additional 14,721 shares during the last quarter. 19.45% of the stock is currently owned by institutional investors.

Remove Ads

Lument Finance Trust Company 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.