Balyasny Asset Management L.P. Invests $49,000 in Lument Finance Trust, Inc. (NYSE:LFT)

Balyasny Asset Management L.P. acquired a new stake in Lument Finance Trust, Inc. (NYSE:LFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 18,801 shares of the technology company’s stock, valued at approximately $49,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC purchased a new stake in shares of Lument Finance Trust in the third quarter valued at about $120,000. Foundations Investment Advisors LLC raised 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 worth $156,000 after purchasing an additional 14,721 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Lument Finance Trust in the 4th quarter valued at approximately $48,000. Raymond James Financial Inc. acquired a new stake in Lument Finance Trust during the 4th quarter valued at $48,000. Finally, Geode Capital Management LLC increased its position in Lument Finance Trust by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 443,701 shares of the technology company’s stock worth $1,146,000 after buying an additional 4,748 shares in the last quarter. 19.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Jones Trading restated a “hold” rating on shares of Lument Finance Trust in a research report on Tuesday, April 1st.

Lument Finance Trust Price Performance

Lument Finance Trust stock opened at $2.53 on Tuesday. The stock has a market capitalization of $132.38 million, a P/E ratio of 7.03 and a beta of 0.86. Lument Finance Trust, Inc. has a 12-month low of $2.22 and a 12-month high of $2.84. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29. The firm’s 50-day moving average is $2.61 and its two-hundred day moving average is $2.62.

Lument Finance Trust (NYSE:LFT) last announced its earnings results on Monday, May 12th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.02). The firm had revenue of $9.32 million for the quarter, compared to analyst estimates of $9.21 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. Equities analysts predict that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.65%. The ex-dividend date was Monday, March 31st. Lument Finance Trust’s dividend payout ratio is currently 152.38%.

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.