PL Capital Advisors LLC Decreases Stake in Lument Finance Trust, Inc. (NYSE:LFT)

PL Capital Advisors LLC lessened its position in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 45.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,324 shares of the technology company’s stock after selling 130,824 shares during the quarter. Lument Finance Trust comprises 0.0% of PL Capital Advisors LLC’s portfolio, making the stock its 29th biggest holding. PL Capital Advisors LLC owned approximately 0.30% of Lument Finance Trust worth $401,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Y Intercept Hong Kong Ltd bought a new position in shares of Lument Finance Trust during the 4th quarter valued at approximately $48,000. Foundations Investment Advisors LLC lifted its position in Lument Finance Trust by 32.2% during the fourth quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock valued at $156,000 after purchasing an additional 14,721 shares during the last quarter. Barclays PLC purchased a new position in shares of Lument Finance Trust in the 3rd quarter worth $120,000. Geode Capital Management LLC increased its holdings in shares of Lument Finance Trust by 2.7% in the 3rd quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company’s stock worth $1,111,000 after buying an additional 11,718 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Lument Finance Trust in the 3rd quarter worth about $32,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Stock Up 0.6 %

Shares of NYSE:LFT opened at $2.73 on Wednesday. The company has a market cap of $142.49 million, a price-to-earnings ratio of 7.57 and a beta of 1.07. Lument Finance Trust, Inc. has a 12 month low of $2.16 and a 12 month high of $2.79. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The company has a 50-day moving average price of $2.64 and a 200 day moving average price of $2.57.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 13.21%. The ex-dividend date was Tuesday, December 31st. Lument Finance Trust’s payout ratio is 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.