Sei Investments Co. Takes Position in Lument Finance Trust, Inc. (NYSE:LFT)

Sei Investments Co. acquired a new stake in shares of Lument Finance Trust, Inc. (NYSE:LFT) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 22,661 shares of the technology company’s stock, valued at approximately $54,000.

Other institutional investors have also recently modified their holdings of the company. Mercer Global Advisors Inc. ADV bought a new position in Lument Finance Trust during the 2nd quarter worth approximately $27,000. LSV Asset Management bought a new position in Lument Finance Trust during the 1st quarter worth approximately $41,000. Acadian Asset Management LLC bought a new position in Lument Finance Trust during the 2nd quarter worth approximately $55,000. Hillsdale Investment Management Inc. lifted its holdings in Lument Finance Trust by 110.7% in the 1st quarter. Hillsdale Investment Management Inc. now owns 75,000 shares of the technology company’s stock worth $187,000 after buying an additional 39,396 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Lument Finance Trust by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock worth $3,879,000 after buying an additional 127,887 shares during the period. 19.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James cut Lument Finance Trust from an “outperform” rating to a “market perform” rating in a report on Thursday, September 19th.

Lument Finance Trust Stock Up 0.4 %

Shares of NYSE:LFT opened at $2.43 on Friday. The stock has a fifty day simple moving average of $2.50 and a two-hundred day simple moving average of $2.48. The stock has a market capitalization of $126.98 million, a price-to-earnings ratio of 7.59 and a beta of 1.06. Lument Finance Trust, Inc. has a 12-month low of $1.91 and a 12-month high of $2.75. The company has a current ratio of 5.78, a quick ratio of 5.78 and a debt-to-equity ratio of 5.64.

Lument Finance Trust (NYSE:LFT) last announced its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). The company had revenue of $30.64 million for the quarter, compared to analysts’ expectations of $9.82 million. Lument Finance Trust had a net margin of 16.91% and a return on equity of 14.10%. During the same quarter in the previous year, the firm posted $0.04 EPS. On average, research analysts anticipate that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a dividend yield of 13.17%. The ex-dividend date is Monday, September 30th. Lument Finance Trust’s payout ratio is 100.00%.

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.