Deltec Asset Management LLC Cuts Stake in Lument Finance Trust, Inc. (NYSE:LFT)

Deltec Asset Management LLC lessened its holdings in shares of Lument Finance Trust, Inc. (NYSE:LFT) by 43.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 227,700 shares of the technology company’s stock after selling 171,948 shares during the period. Deltec Asset Management LLC owned approximately 0.44% of Lument Finance Trust worth $587,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Foundations Investment Advisors LLC raised its stake in Lument Finance Trust by 32.2% in the fourth quarter. Foundations Investment Advisors LLC now owns 60,378 shares of the technology company’s stock valued at $156,000 after buying an additional 14,721 shares during the last quarter. Barclays PLC acquired a new position in shares of Lument Finance Trust during the third quarter valued at about $120,000. Geode Capital Management LLC raised its position in shares of Lument Finance Trust by 2.7% in 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 last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in Lument Finance Trust in the 3rd quarter worth approximately $32,000. Finally, Glenmede Trust Co. NA purchased a new stake in Lument Finance Trust during the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 19.45% of the company’s stock.

Lument Finance Trust Trading Up 2.1 %

NYSE LFT opened at $2.67 on Wednesday. Lument Finance Trust, Inc. has a 12-month low of $2.16 and a 12-month high of $2.79. The company has a fifty day simple moving average of $2.62 and a two-hundred day simple moving average of $2.56. The company has a current ratio of 6.29, a quick ratio of 6.29 and a debt-to-equity ratio of 5.39. The stock has a market cap of $139.35 million, a P/E ratio of 7.40 and a beta of 1.07.

Lument Finance Trust (NYSE:LFT) last issued its earnings results on Tuesday, November 12th. The technology company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01. The company had revenue of $28.93 million during the quarter, compared to analyst estimates of $9.06 million. Lument Finance Trust had a return on equity of 14.41% and a net margin of 18.19%. During the same quarter last year, the business posted $0.11 EPS. On average, analysts forecast that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current year.

Lument Finance Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.09 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.36 dividend on an annualized basis and a yield of 13.51%. Lument Finance Trust’s dividend 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.