Punch & Associates Investment Management Inc. Sells 285,226 Shares of Lument Finance Trust, Inc. $LFT

Key Points

• Punch & Associates Investment Management Inc. sold 285,226 shares of Lument Finance Trust, reducing its stake by 22.2%(to 996,819 shares), valued at approximately $2.6 million.
• Lument Finance Trust reported a net loss in its quarterly earnings, posting a loss of $0.03 per share against the consensus estimate of $0.08, with revenue of $6.96 million, lower than expected.
• The company has a dividend payout ratio of 126.32% following a quarterly dividend declaration of $0.06, resulting in an annualized yield of 10.3%.

Punch & Associates Investment Management Inc. reduced its stake in Lument Finance Trust, Inc. (NYSE:LFT - Free Report) by 22.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 996,819 shares of the technology company's stock after selling 285,226 shares during the quarter. Punch & Associates Investment Management Inc. owned approximately 1.91% of Lument Finance Trust worth $2,602,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LFT. Raymond James Financial Inc. bought a new position in Lument Finance Trust in the 4th quarter worth $48,000. Northern Trust Corp raised its holdings in Lument Finance Trust by 7.5% in the 4th quarter. Northern Trust Corp now owns 85,750 shares of the technology company's stock worth $221,000 after purchasing an additional 5,991 shares during the period. Schonfeld Strategic Advisors LLC bought a new position in Lument Finance Trust in the 4th quarter worth $87,000. Jane Street Group LLC bought a new position in Lument Finance Trust in the 4th quarter worth $148,000. Finally, Balyasny Asset Management L.P. bought a new position in Lument Finance Trust in the 4th quarter worth $49,000. 19.45% of the stock is owned by institutional investors.

Lument Finance Trust Stock Performance

Lument Finance Trust stock traded down $0.03 during trading on Friday, reaching $2.32. The company had a trading volume of 22,460 shares, compared to its average volume of 159,313. Lument Finance Trust, Inc. has a 52 week low of $2.05 and a 52 week high of $2.84. The firm's 50-day simple moving average is $2.21 and its 200 day simple moving average is $2.44. The firm has a market capitalization of $121.17 million, a price-to-earnings ratio of 12.18 and a beta of 0.77. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 4.35.

Lument Finance Trust (NYSE:LFT - Get Free Report) last announced its earnings results on Friday, August 8th. The technology company reported $0.05 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.03). The company had revenue of $6.96 million during the quarter, compared to the consensus estimate of $8.66 million. Lument Finance Trust had a return on equity of 12.51% and a net margin of 14.50%. Sell-side analysts forecast that Lument Finance Trust, Inc. will post 0.42 earnings per share for the current fiscal year.

Lument Finance Trust Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a dividend of $0.06 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.24 dividend on an annualized basis and a yield of 10.4%. Lument Finance Trust's dividend payout ratio (DPR) is currently 126.32%.

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.