11,242 Shares in Lument Finance Trust, Inc. (NYSE:LFT) Bought by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV acquired a new position in Lument Finance Trust, Inc. (NYSE:LFT) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 11,242 shares of the technology company’s stock, valued at approximately $27,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LFT. LSV Asset Management bought a new position in shares of Lument Finance Trust during the first quarter valued at about $41,000. Acadian Asset Management LLC purchased a new position in Lument Finance Trust during the 2nd quarter valued at about $55,000. Hillsdale Investment Management Inc. lifted its holdings in shares of Lument Finance Trust by 110.7% in the first 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. Vanguard Group Inc. boosted its position in shares of Lument Finance Trust by 8.9% in the first quarter. Vanguard Group Inc. now owns 1,557,677 shares of the technology company’s stock valued at $3,879,000 after acquiring an additional 127,887 shares during the period. Finally, Melia Wealth LLC purchased a new position in Lument Finance Trust during the first quarter valued at approximately $489,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Trading Down 2.0 %

NYSE:LFT opened at $2.48 on Wednesday. The company has a 50-day moving average price of $2.53 and a 200-day moving average price of $2.48. The stock has a market cap of $129.60 million, a price-to-earnings ratio of 7.75 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 posted its quarterly earnings data on Monday, August 12th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $30.64 million during the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $0.04 earnings per share. Equities 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 will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 12.90%. The ex-dividend date of this dividend is Monday, September 30th. Lument Finance Trust’s payout ratio is currently 100.00%.

Wall Street Analyst Weigh In

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 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.