Lument Finance Trust, Inc. (NYSE:LFT) Shares Sold by Deltec Asset Management LLC

Deltec Asset Management LLC reduced its position in Lument Finance Trust, Inc. (NYSE:LFT) by 43.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 227,700 shares of the technology company’s stock after selling 171,948 shares during the quarter. Deltec Asset Management LLC’s holdings in Lument Finance Trust were worth $587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Lument Finance Trust in the 3rd quarter worth $32,000. Sei Investments Co. purchased a new stake in Lument Finance Trust in the second quarter valued at $54,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Lument Finance Trust by 72.4% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 26,198 shares of the technology company’s stock valued at $66,000 after buying an additional 11,001 shares during the period. Glenmede Trust Co. NA purchased a new stake in shares of Lument Finance Trust in the 3rd quarter valued at approximately $85,000. Finally, Barclays PLC purchased a new position in shares of Lument Finance Trust during the 3rd quarter worth approximately $120,000. 19.45% of the stock is owned by hedge funds and other institutional investors.

Lument Finance Trust Stock Up 2.1 %

Shares of NYSE LFT opened at $2.67 on Wednesday. The company has a quick ratio of 6.29, a current ratio of 6.29 and a debt-to-equity ratio of 5.39. The business’s 50 day moving average is $2.62 and its two-hundred day moving average is $2.56. Lument Finance Trust, Inc. has a 52-week low of $2.16 and a 52-week high of $2.79. The firm has a market cap of $139.35 million, a price-to-earnings ratio of 7.40 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT) last issued its quarterly earnings data on Tuesday, November 12th. The technology company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. The business had revenue of $28.93 million during the quarter, compared to analysts’ expectations of $9.06 million. During the same period in the previous year, the firm posted $0.11 earnings per share. Research analysts predict that Lument Finance Trust, Inc. will post 0.42 EPS for the current year.

Lument Finance Trust Dividend Announcement

The firm 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 13.51%. The ex-dividend date of this dividend was Tuesday, December 31st. Lument Finance Trust’s payout ratio is 88.89%.

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.