Short Interest in Lument Finance Trust, Inc. (NYSE:LFT) Expands By 74.9%

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a significant growth in short interest in the month of April. As of April 15th, there was short interest totalling 37,600 shares, a growth of 74.9% from the March 31st total of 21,500 shares. Based on an average daily trading volume, of 69,700 shares, the short-interest ratio is presently 0.5 days.

Lument Finance Trust Price Performance

LFT opened at $2.37 on Friday. The company has a debt-to-equity ratio of 6.50, a quick ratio of 4.05 and a current ratio of 4.05. Lument Finance Trust has a 52-week low of $1.53 and a 52-week high of $2.56. The stock has a market capitalization of $123.83 million, a PE ratio of 7.90 and a beta of 1.07. The stock’s 50 day moving average price is $2.35 and its 200-day moving average price is $2.25.

Lument Finance Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.28 annualized dividend and a dividend yield of 11.81%. Lument Finance Trust’s dividend payout ratio (DPR) is presently 93.33%.

Hedge Funds Weigh In On Lument Finance Trust

Hedge funds have recently made changes to their positions in the business. Melia Wealth LLC bought a new stake in shares of Lument Finance Trust during the first quarter valued at approximately $489,000. Hillsdale Investment Management Inc. bought a new stake in shares of Lument Finance Trust during the fourth quarter valued at approximately $83,000. Foundations Investment Advisors LLC bought a new stake in shares of Lument Finance Trust during the fourth quarter valued at approximately $211,000. Arlington Trust Co LLC bought a new stake in shares of Lument Finance Trust during the fourth quarter valued at approximately $26,000. Finally, Johnson Investment Counsel Inc. boosted its position in shares of Lument Finance Trust by 10.1% during the third quarter. Johnson Investment Counsel Inc. now owns 81,613 shares of the technology company’s stock valued at $170,000 after purchasing an additional 7,500 shares in the last quarter. 19.45% of the stock is owned by hedge funds and other institutional investors.

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.