Y Intercept Hong Kong Ltd Takes $48,000 Position in Lument Finance Trust, Inc. (NYSE:LFT)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Lument Finance Trust, Inc. (NYSE:LFT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 18,505 shares of the technology company’s stock, valued at approximately $48,000.

Several other institutional investors have also recently made changes to their positions in LFT. Foundations Investment Advisors LLC boosted 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 in the last quarter. Barclays PLC bought a new stake in Lument Finance Trust during the third quarter valued at about $120,000. Geode Capital Management LLC boosted its position in Lument Finance Trust by 2.7% during the third quarter. Geode Capital Management LLC now owns 438,953 shares of the technology company’s stock valued at $1,111,000 after purchasing an additional 11,718 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in Lument Finance Trust during the third quarter valued at about $32,000. Finally, Glenmede Trust Co. NA bought a new stake in Lument Finance Trust during the third quarter valued at about $85,000. Hedge funds and other institutional investors own 19.45% of the company’s stock.

Lument Finance Trust Price Performance

Shares of LFT stock opened at $2.72 on Thursday. Lument Finance Trust, Inc. has a 1-year low of $2.16 and a 1-year high of $2.80. The stock’s 50-day moving average is $2.64 and its 200 day moving average is $2.58. The company has a market cap of $142.23 million, a P/E ratio of 7.56 and a beta of 1.07. The company has a debt-to-equity ratio of 5.39, a current ratio of 6.29 and a quick ratio of 6.29.

Lument Finance Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 13.24%. The ex-dividend date was Tuesday, December 31st. Lument Finance Trust’s payout ratio is currently 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.