Hunt Companies Finance Trust (NYSE:HCFT) Stock Price Up 52.9% Following Insider Buying Activity

Hunt Companies Finance Trust Inc (NYSE:HCFT) shot up 52.9% during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $1.75 and last traded at $1.82, 294,783 shares changed hands during trading. An increase of 113% from the average session volume of 138,111 shares. The stock had previously closed at $1.19.

Specifically, CEO James Peter Flynn bought 24,000 shares of Hunt Companies Finance Trust stock in a transaction on Wednesday, March 25th. The shares were purchased at an average cost of $1.19 per share, with a total value of $28,560.00. Following the acquisition, the chief executive officer now directly owns 87,180 shares of the company’s stock, valued at approximately $103,744.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 58,400 shares of company stock worth $72,986 over the last three months. Insiders own 1.56% of the company’s stock.

The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 5.02. The stock’s 50-day moving average is $2.69 and its 200-day moving average is $3.14. The company has a market cap of $24.94 million, a price-to-earnings ratio of 16.71 and a beta of 1.29.

Hunt Companies Finance Trust (NYSE:HCFT) last released its earnings results on Monday, March 16th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). Hunt Companies Finance Trust had a net margin of 16.05% and a return on equity of 6.93%. The company had revenue of $3.37 million for the quarter. As a group, analysts predict that Hunt Companies Finance Trust Inc will post 0.24 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.075 per share. The ex-dividend date is Monday, March 30th. This represents a $0.30 annualized dividend and a yield of 16.22%. Hunt Companies Finance Trust’s payout ratio is 93.75%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. grew its position in Hunt Companies Finance Trust by 20.5% during the fourth quarter. Punch & Associates Investment Management Inc. now owns 1,010,785 shares of the company’s stock valued at $3,265,000 after buying an additional 172,000 shares during the period. Renaissance Technologies LLC bought a new position in Hunt Companies Finance Trust during the fourth quarter worth about $230,000. Acadian Asset Management LLC bought a new position in Hunt Companies Finance Trust during the fourth quarter worth about $59,000. AE Wealth Management LLC boosted its position in Hunt Companies Finance Trust by 18.6% during the fourth quarter. AE Wealth Management LLC now owns 85,204 shares of the company’s stock worth $275,000 after purchasing an additional 13,389 shares during the period. Finally, State Street Corp boosted its position in Hunt Companies Finance Trust by 6.9% during the third quarter. State Street Corp now owns 59,628 shares of the company’s stock worth $205,000 after purchasing an additional 3,871 shares during the period. Hedge funds and other institutional investors own 43.37% of the company’s stock.

About Hunt Companies Finance Trust (NYSE:HCFT)

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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