Lument Finance Trust, Inc. (NYSE:LFT - Get Free Report) saw a significant decline in short interest in the month of January. As of January 31st, there was short interest totalling 68,100 shares, a decline of 41.2% from the January 15th total of 115,900 shares. Based on an average daily volume of 123,400 shares, the short-interest ratio is presently 0.6 days.
Institutional Trading of Lument Finance Trust
Large investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Lument Finance Trust during the third quarter valued at $32,000. Raymond James Financial Inc. purchased a new stake in shares of Lument Finance Trust in the fourth quarter worth approximately $48,000. Y Intercept Hong Kong Ltd purchased a new position in Lument Finance Trust during the fourth quarter valued at approximately $48,000. Balyasny Asset Management L.P. acquired a new position in Lument Finance Trust in the 4th quarter valued at approximately $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in 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 buying an additional 11,001 shares during the period. 19.45% of the stock is owned by institutional investors and hedge funds.
Lument Finance Trust Trading Down 0.0 %
LFT traded down $0.00 during trading on Monday, reaching $2.72. The company had a trading volume of 58,772 shares, compared to its average volume of 89,342. The company has a debt-to-equity ratio of 5.39, a quick ratio of 6.29 and a current ratio of 6.29. Lument Finance Trust has a 12-month low of $2.16 and a 12-month high of $2.79. The company has a market cap of $142.18 million, a price-to-earnings ratio of 7.55 and a beta of 1.07. The firm's 50-day simple moving average is $2.63 and its 200 day simple moving average is $2.56.
Lument Finance Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 13.24%. Lument Finance Trust's dividend payout ratio (DPR) is presently 88.89%.
Lument Finance Trust Company Profile
(
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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.
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