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

Lument Finance Trust, Inc. (NYSE:LFT) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 86,800 shares, an increase of 27.5% from the January 31st total of 68,100 shares. Based on an average daily trading volume, of 118,200 shares, the short-interest ratio is currently 0.7 days.

Lument Finance Trust Stock Down 1.6 %

NYSE:LFT traded down $0.05 during mid-day trading on Thursday, reaching $2.69. The company’s stock had a trading volume of 52,764 shares, compared to its average volume of 101,186. 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 1 year low of $2.16 and a 1 year high of $2.80. The stock has a fifty day moving average of $2.64 and a 200-day moving average of $2.58. The firm has a market capitalization of $140.40 million, a PE ratio of 7.46 and a beta of 1.07.

Lument Finance Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 annualized dividend and a dividend yield of 13.41%. Lument Finance Trust’s payout ratio is presently 88.89%.

Hedge Funds Weigh In On Lument Finance Trust

Several institutional investors have recently bought and sold shares of LFT. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lument Finance Trust during the third quarter worth $32,000. Raymond James Financial Inc. purchased a new stake in shares of Lument Finance Trust during the 4th quarter worth $48,000. Y Intercept Hong Kong Ltd bought a new stake in Lument Finance Trust during the fourth quarter valued at about $48,000. Balyasny Asset Management L.P. bought a new stake in Lument Finance Trust during the fourth quarter valued at about $49,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in Lument Finance Trust by 72.4% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock valued at $66,000 after purchasing an additional 11,001 shares during the last quarter. 19.45% of the stock is owned by hedge funds and other institutional investors.

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.