PL Capital Advisors LLC Sells 76,794 Shares of Lument Finance Trust, Inc. (NYSE:LFT)

PL Capital Advisors LLC trimmed its holdings in Lument Finance Trust, Inc. (NYSE:LFT) by 21.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 286,148 shares of the technology company’s stock after selling 76,794 shares during the quarter. Lument Finance Trust makes up approximately 0.2% of PL Capital Advisors LLC’s holdings, making the stock its 26th biggest position. PL Capital Advisors LLC owned 0.55% of Lument Finance Trust worth $724,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LFT. Sei Investments Co. bought a new position in Lument Finance Trust during the second quarter valued at $54,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Lument Finance Trust in the 2nd quarter worth approximately $27,000. Acadian Asset Management LLC bought a new stake in Lument Finance Trust during the 2nd quarter valued at $55,000. Hillsdale Investment Management Inc. lifted its position in shares of Lument Finance Trust by 110.7% during the first quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock valued at $187,000 after buying an additional 39,396 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Lument Finance Trust by 8.9% in the first quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock valued at $3,879,000 after acquiring an additional 127,887 shares in the last quarter. 19.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James cut shares of Lument Finance Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, September 19th.

Lument Finance Trust Stock Performance

NYSE LFT opened at $2.45 on Friday. The stock has a market capitalization of $128.09 million, a price-to-earnings ratio of 6.81 and a beta of 1.07. The stock has a 50-day moving average of $2.51 and a 200 day moving average of $2.49. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 5.64. Lument Finance Trust, Inc. has a twelve month low of $1.93 and a twelve month high of $2.75.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The business had revenue of $30.64 million for the quarter, compared to analysts’ expectations of $9.82 million. Lument Finance Trust had a net margin of 16.91% and a return on equity of 14.10%. During the same quarter last year, the business earned $0.04 EPS. Sell-side analysts anticipate that Lument Finance Trust, Inc. will post 0.42 EPS for the current fiscal year.

Lument Finance Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.08 per share. The ex-dividend date was Monday, September 30th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.06%. Lument Finance Trust’s dividend payout ratio is currently 88.89%.

About Lument Finance Trust

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.