Lument Finance Trust (NYSE:LFT) Shares Cross Above 200-Day Moving Average – Should You Sell?

Lument Finance Trust, Inc. (NYSE:LFT) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.59 and traded as high as $2.73. Lument Finance Trust shares last traded at $2.71, with a volume of 36,615 shares.

Lument Finance Trust Stock Performance

The business’s fifty day moving average is $2.65 and its 200-day moving average is $2.59. 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 company has a market cap of $141.45 million, a PE ratio of 7.51 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of LFT. Barclays PLC bought a new position in Lument Finance Trust in the 3rd quarter worth $120,000. Geode Capital Management LLC raised its position in shares of Lument Finance Trust by 2.7% during the 3rd 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 during the period. Y Intercept Hong Kong Ltd bought a new stake in Lument Finance Trust during the fourth quarter valued at about $48,000. Glenmede Trust Co. NA bought a new stake in Lument Finance Trust during the 3rd quarter valued at approximately $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 worth $66,000 after buying an additional 11,001 shares in the last quarter. Hedge funds and other institutional investors own 19.45% of the company’s stock.

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.