Insider Buying: Hunt Companies Finance Trust Inc (HCFT) Director Purchases $26,400.00 in Stock

Hunt Companies Finance Trust Inc (NYSE:HCFT) Director James Christopher Hunt purchased 7,500 shares of the firm’s stock in a transaction dated Tuesday, May 29th. The stock was acquired at an average cost of $3.52 per share, with a total value of $26,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of HCFT stock traded up $0.01 during midday trading on Friday, reaching $3.46. 50,004 shares of the company were exchanged, compared to its average volume of 49,782. Hunt Companies Finance Trust Inc has a 12 month low of $2.55 and a 12 month high of $4.29. The company has a market capitalization of $75.73 million, a price-to-earnings ratio of 7.21 and a beta of 0.93. The company has a current ratio of 53.65, a quick ratio of 53.65 and a debt-to-equity ratio of 2.72.

Hunt Companies Finance Trust (NYSE:HCFT) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Hunt Companies Finance Trust had a positive return on equity of 8.39% and a negative net margin of 7.49%. The company had revenue of $4.57 million for the quarter. On average, equities research analysts predict that Hunt Companies Finance Trust Inc will post 0.35 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 6.94%. This is an increase from Hunt Companies Finance Trust’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, September 27th. Hunt Companies Finance Trust’s payout ratio is 150.00%.

Several hedge funds have recently added to or reduced their stakes in the business. AXA bought a new stake in shares of Hunt Companies Finance Trust during the 3rd quarter worth about $12,528,000. Clear Harbor Asset Management LLC raised its position in shares of Hunt Companies Finance Trust by 92.0% during the 3rd quarter. Clear Harbor Asset Management LLC now owns 196,363 shares of the company’s stock worth $681,000 after buying an additional 94,113 shares in the last quarter. PL Capital Advisors LLC raised its position in shares of Hunt Companies Finance Trust by 153.0% during the 3rd quarter. PL Capital Advisors LLC now owns 731,338 shares of the company’s stock worth $2,743,000 after buying an additional 442,328 shares in the last quarter. Northern Trust Corp bought a new stake in shares of Hunt Companies Finance Trust during the 2nd quarter worth about $136,000. Finally, Wolverine Asset Management LLC bought a new stake in shares of Hunt Companies Finance Trust during the 2nd quarter worth about $2,835,000. Institutional investors own 39.28% of the company’s stock.

Several brokerages recently weighed in on HCFT. ValuEngine upgraded shares of Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Zacks Investment Research upgraded shares of Hunt Companies Finance Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 25th.

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About Hunt Companies Finance Trust

Hunt Companies Finance Trust, Inc, a real estate specialty finance company, focuses on investing in portfolio mortgage-backed securities (MBS), mortgages, and other real estate related assets. It invests in agency and non-agency residential MBS, multi-family MBS, mortgage-servicing rights, and other mortgage-related investments.

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