Acadian Asset Management LLC Makes New Investment in Lument Finance Trust, Inc. (NYSE:LFT)

Acadian Asset Management LLC purchased a new position in shares of Lument Finance Trust, Inc. (NYSE:LFT) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,462 shares of the technology company’s stock, valued at approximately $55,000.

A number of other institutional investors also recently added to or reduced their stakes in LFT. LSV Asset Management acquired a new position in Lument Finance Trust during the 1st quarter worth $41,000. Hillsdale Investment Management Inc. raised its stake in shares of 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 in the last quarter. Melia Wealth LLC bought a new stake in shares of Lument Finance Trust in the 1st quarter worth $489,000. Finally, Vanguard Group Inc. raised its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 19.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James downgraded Lument Finance Trust from an “outperform” rating to a “market perform” rating in a research note on Thursday.

Lument Finance Trust Stock Up 2.3 %

LFT opened at $2.65 on Friday. Lument Finance Trust, Inc. has a one year low of $1.91 and a one year high of $2.75. The company has a debt-to-equity ratio of 5.64, a quick ratio of 5.78 and a current ratio of 5.78. The stock’s fifty day moving average is $2.53 and its 200-day moving average is $2.46. The company has a market capitalization of $138.48 million, a PE ratio of 8.28 and a beta of 1.06.

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

Lument Finance Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 12.08%. The ex-dividend date is Monday, September 30th. Lument Finance Trust’s dividend payout ratio (DPR) is presently 100.00%.

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.