Lument Finance Trust (LFT)
Market Price (5/6/2026): $1.2 | Market Cap: $62.9 MilSector: Financials | Industry: Mortgage REITs
Lument Finance Trust (LFT)
Market Price (5/6/2026): $1.2Market Cap: $62.9 MilSector: FinancialsIndustry: Mortgage REITs
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 26%, Dividend Yield is 30%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 21%, FCF Yield is 16% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% Low stock price volatilityVol 12M is 46% Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. | Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -82% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1300% Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -42%, Rev Chg QQuarterly Revenue Change % is -54% Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.22 Key risksLFT key risks include [1] margin compression as its low-cost financing matures and is replaced by more expensive debt, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 26%, Dividend Yield is 30%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 21%, FCF Yield is 16% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 50%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 47% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -30% |
| Low stock price volatilityVol 12M is 46% |
| Megatrend and thematic driversMegatrends include Digital & Alternative Assets. Themes include Private Credit. |
| Weak multi-year price returns2Y Excs Rtn is -80%, 3Y Excs Rtn is -82% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 1300% |
| Weak revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is -42%, Rev Chg QQuarterly Revenue Change % is -54% |
| Significant short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 18.22 |
| Key risksLFT key risks include [1] margin compression as its low-cost financing matures and is replaced by more expensive debt, Show more. |
Qualitative Assessment
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1. Significant Miss in Fourth Quarter 2025 Earnings and Revenue.
Lument Finance Trust reported a disappointing financial performance for the fourth quarter of 2025, announced on March 23, 2026. The company posted an Earnings Per Share (EPS) of -$0.17, which was a substantial miss compared to the forecasted EPS of $0.08, resulting in a negative surprise of 312.5%. Additionally, revenue for the quarter came in at $4.96 million, falling short of the expected $6.72 million by 26.19%. This significant earnings and revenue shortfall directly preceded a 10.9% decline in the stock price the day after the announcement.
2. Reduction in Quarterly Dividend.
Lument Finance Trust declared a cash dividend of $0.04 per share of common stock for the first quarter of 2026, payable on April 15, 2026. This represents a significant reduction compared to the total dividend of $0.35 per share paid in 2025. The dividend growth has shown a negative trend, with an annual decrease of 56.10% and a 5-year average decrease of 9.88%. A previous dividend decrease of $0.02 occurred on September 16, 2025. Such a substantial and persistent cut in dividends can erode investor confidence and contribute to a stock's decline.
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Stock Movement Drivers
Fundamental Drivers
The -10.6% change in LFT stock from 1/31/2026 to 5/5/2026 was primarily driven by a -18.1% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 1312026 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.30 | 1.16 | -10.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 25 | 20 | -18.1% |
| P/S Multiple | 2.8 | 3.0 | 9.2% |
| Shares Outstanding (Mil) | 52 | 52 | -0.1% |
| Cumulative Contribution | -10.6% |
Market Drivers
1/31/2026 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LFT | -10.6% | |
| Market (SPY) | 3.6% | 20.2% |
| Sector (XLF) | -3.0% | 18.8% |
Fundamental Drivers
The -21.1% change in LFT stock from 10/31/2025 to 5/5/2026 was primarily driven by a -30.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.47 | 1.16 | -21.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 29 | 20 | -30.6% |
| P/S Multiple | 2.6 | 3.0 | 13.9% |
| Shares Outstanding (Mil) | 52 | 52 | -0.1% |
| Cumulative Contribution | -21.1% |
Market Drivers
10/31/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LFT | -21.1% | |
| Market (SPY) | 5.5% | 27.3% |
| Sector (XLF) | -0.6% | 29.8% |
Fundamental Drivers
The -51.1% change in LFT stock from 4/30/2025 to 5/5/2026 was primarily driven by a -42.2% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.37 | 1.16 | -51.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 35 | 20 | -42.2% |
| P/S Multiple | 3.6 | 3.0 | -15.3% |
| Shares Outstanding (Mil) | 52 | 52 | -0.2% |
| Cumulative Contribution | -51.1% |
Market Drivers
4/30/2025 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LFT | -51.1% | |
| Market (SPY) | 30.4% | 22.8% |
| Sector (XLF) | 7.4% | 28.7% |
Fundamental Drivers
The -7.4% change in LFT stock from 4/30/2023 to 5/5/2026 was primarily driven by a -4.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302023 | 5052026 | Change |
|---|---|---|---|
| Stock Price ($) | 1.25 | 1.16 | -7.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 21 | 20 | -4.6% |
| P/S Multiple | 3.1 | 3.0 | -2.8% |
| Shares Outstanding (Mil) | 52 | 52 | -0.2% |
| Cumulative Contribution | -7.4% |
Market Drivers
4/30/2023 to 5/5/2026| Return | Correlation | |
|---|---|---|
| LFT | -7.4% | |
| Market (SPY) | 78.7% | 21.3% |
| Sector (XLF) | 63.2% | 26.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| LFT Return | 29% | -43% | 39% | 29% | -39% | -15% | -32% |
| Peers Return | 30% | -19% | 21% | -8% | 1% | 1% | 21% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 5% | 92% |
Monthly Win Rates [3] | |||||||
| LFT Win Rate | 58% | 25% | 50% | 58% | 42% | 20% | |
| Peers Win Rate | 65% | 48% | 53% | 55% | 48% | 52% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| LFT Max Drawdown | -8% | -46% | -13% | -6% | -41% | -15% | |
| Peers Max Drawdown | -4% | -27% | -18% | -20% | -13% | -9% | |
| S&P 500 Max Drawdown | -1% | -25% | -1% | -2% | -15% | -7% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: STWD, BXMT, KREF, ARI, ABR.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/5/2026 (YTD)
How Low Can It Go
| Event | LFT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -12.0% | -18.8% |
| % Gain to Breakeven | 13.7% | 23.1% |
| Time to Breakeven | 14 days | 79 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.0% | -6.7% |
| % Gain to Breakeven | 35.1% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.1% | -24.5% |
| % Gain to Breakeven | 69.9% | 32.4% |
| Time to Breakeven | 797 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -69.5% | -33.7% |
| % Gain to Breakeven | 228.0% | 50.9% |
| Time to Breakeven | 239 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.2% | -19.2% |
| % Gain to Breakeven | 30.2% | 23.7% |
| Time to Breakeven | 701 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.6% | -12.2% |
| % Gain to Breakeven | 52.8% | 13.9% |
| Time to Breakeven | 61 days | 62 days |
In The Past
Lument Finance Trust's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | LFT | S&P 500 |
|---|---|---|
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -26.0% | -6.7% |
| % Gain to Breakeven | 35.1% | 7.1% |
| Time to Breakeven | 82 days | 31 days |
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -41.1% | -24.5% |
| % Gain to Breakeven | 69.9% | 32.4% |
| Time to Breakeven | 797 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -69.5% | -33.7% |
| % Gain to Breakeven | 228.0% | 50.9% |
| Time to Breakeven | 239 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -23.2% | -19.2% |
| % Gain to Breakeven | 30.2% | 23.7% |
| Time to Breakeven | 701 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -34.6% | -12.2% |
| % Gain to Breakeven | 52.8% | 13.9% |
| Time to Breakeven | 61 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -56.2% | -6.8% |
| % Gain to Breakeven | 128.4% | 7.3% |
| Time to Breakeven | 1947 days | 15 days |
| 2013 Taper Tantrum | ||
| % Loss | -32.3% | -0.2% |
| % Gain to Breakeven | 47.7% | 0.2% |
| Time to Breakeven | 4067 days | 1 days |
In The Past
Lument Finance Trust's stock fell -12.0% during the 2025 US Tariff Shock. Such a loss loss requires a 13.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Lument Finance Trust (LFT)
AI Analysis | Feedback
Here are 1-3 brief analogies for Lument Finance Trust (LFT):
- Sallie Mae for commercial real estate loans.
- Rocket Mortgage for commercial apartment buildings.
AI Analysis | Feedback
- Commercial Mortgage Loans: The company primarily provides transitional floating-rate commercial mortgage loans for middle market multi-family assets, alongside fixed-rate loans.
- Mezzanine Loans: These are subordinate debt instruments used to bridge financing gaps in commercial real estate projects.
- Preferred Equity: An equity investment that has priority over common equity in terms of dividends and liquidation proceeds.
- Commercial Mortgage-Backed Securities (CMBS): The company invests in securities backed by pools of commercial real estate mortgages.
- Construction Loans: Short-term financing specifically tailored for the development and construction phases of commercial real estate projects.
AI Analysis | Feedback
Lument Finance Trust (LFT) primarily sells to other companies, specifically entities in the commercial real estate sector that require financing for their projects and acquisitions. Given the nature of its business providing commercial real estate debt investments, LFT's customers are generally private real estate developers, property owners, and investment firms, rather than publicly traded corporations. Therefore, specific names of public customer companies with symbols cannot be listed.
The major categories of customers that LFT serves include:
- Developers and Owners of Middle-Market Multi-Family Properties: These are entities that seek financing for the acquisition, development, repositioning, or refinancing of apartment buildings and similar residential income-producing properties in the middle-market segment.
- Commercial Real Estate Investors and Firms: This category includes private equity real estate funds, institutional investors, family offices, and other investment vehicles that acquire, manage, and optimize portfolios of commercial real estate assets, requiring various debt instruments and preferred equity solutions.
- Real Estate Sponsors and Project Entities: These are the sponsors and special purpose entities formed to undertake specific commercial real estate projects, including new construction or significant renovations, seeking construction loans, mezzanine financing, or other forms of structured debt.
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- ORIX Corporation (TYO: 8591)
- Bank of America (NYSE: BAC)
- Wells Fargo & Company (NYSE: WFC)
- KeyCorp (NYSE: KEY)
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James P. Flynn, Chief Executive Officer
Mr. Flynn has served as CEO and chairman of the board of Lument Finance Trust since January 2018. He also holds the position of CEO at Lument, a division of ORIX USA, an affiliate of the Manager. He joined Lument, formerly known as Hunt Real Estate Capital, in 2007 and is a member of its executive management team and both the investment and credit committees. Before his tenure at Lument, Mr. Flynn practiced law in the real estate practice group at Gibson Dunn & Crutcher LLP, and prior to that, he worked as an investment banker at Lehman Brothers.
James A. Briggs, Chief Financial Officer
Mr. Briggs has been the CFO of Lument Finance Trust, LLC (LFT) since January 2020, having previously served as interim CFO since September 2018. He also acts as the chief accounting officer for Lument, a division of ORIX Corporation USA, which is an affiliate of the manager. Mr. Briggs joined Lument's predecessor, Hunt Real Estate Capital, in 2009. His prior experience includes serving as the director of finance at MRU Holdings. He has 15 years of experience with JP Morgan Chase & Co. and its predecessor companies, holding various accounting and finance roles, including head of valuation control and CFO for emerging markets.
Greg Calvert, President
Mr. Calvert was appointed President of Lument Finance Trust in 2025. He concurrently serves as Senior Managing Director and Chief Credit Officer of Lument, a division of ORIX USA. In this capacity, he is responsible for overseeing the company's Agency, FHA, and seniors housing and healthcare underwriting teams. Mr. Calvert directly manages Lument's credit functions, including credit review, approvals, and credit policy, and is a member of the company's investment committee.
Zachary Halpern, Managing Director
Mr. Halpern serves as a Managing Director for Lument Finance Trust, specifically as a portfolio manager. He is also a Senior Director and leads portfolio management and capital markets for Lument's real estate investment strategies group. Within Lument, he is a member of the management, valuation, and counterparty risk committee. Before joining Lument, Mr. Halpern was the chief investment officer and head of capital markets at Dwight Securities Management, where he was responsible for creating and managing several funds focused on commercial real estate bridge loans and commercial mortgage-backed securities investments.
Stephanie G. Culpepper, Secretary
Ms. Culpepper holds the position of Secretary at Lument Finance Trust. She is also a Senior Managing Director and General Counsel at Lument.
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Lument Finance Trust (LFT) faces several key risks to its business, primarily stemming from its focus on commercial real estate (CRE) debt investments. The most significant risk is the **deteriorating credit quality of its loan portfolio**. A substantial portion of LFT's loans, particularly within its floating-rate commercial mortgage loans on middle-market multi-family assets, has been categorized with the highest risk of non-accrual or default. For instance, as of Q3 2025, seven loans with an aggregate principal balance of approximately $86.4 million were risk-rated "5," indicating the highest risk of non-accrual or default. The company has also recorded charge-offs and foreclosures, leading to an increase in its allowance for credit losses. This credit deterioration directly impacts the company's future cash flow from operations, distributable earnings, and may necessitate the use of cash reserves to cover potential losses. A related key risk is **margin compression due to interest rate dynamics and financing challenges**. While LFT primarily invests in floating-rate loans, the cost of its own secured financing, often through Collateralized Loan Obligations (CLOs), can fluctuate. The company has experienced a decline in its net interest income, which is its primary revenue driver, due to a decrease in the spread between the interest it earns on investments and the interest it pays on borrowings. Challenges in securing new CLO financing at favorable spreads compared to maturing, more profitable financing lines have contributed to margin deterioration and limited the company's ability to grow its loan book. Finally, Lument Finance Trust faces the risk of a **shrinking loan book and limited growth potential**. The company has been repaying existing financing as loans mature, but has issued a significantly lower volume of new loans, resulting in a shrinking overall loan portfolio. This reduction in its core revenue-generating assets directly impacts its net interest income and overall earnings potential, making it challenging to achieve future growth.AI Analysis | Feedback
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Addressable Markets for Lument Finance Trust (LFT)
Lument Finance Trust (LFT) primarily invests in commercial real estate (CRE) debt in the United States, with a focus on transitional floating rate commercial mortgage loans on middle-market multi-family assets, as well as other CRE-related investments such as mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), fixed-rate loans, and construction loans. The addressable market sizes for these main products and services in the U.S. region are as follows:
- Overall U.S. Commercial Real Estate Debt Market: The total outstanding CRE debt in the U.S. was estimated at $5.9 trillion as of the fourth quarter of 2023. Other estimates place the U.S. commercial mortgage market at $4.8 trillion or $5.5 trillion.
- U.S. Multi-family Mortgage Market: Total multi-family lending volume in the U.S. was estimated at $326 billion in 2024. In 2024, new mortgages for multi-family properties with five or more units amounted to $288.7 billion. Projections indicate that the multi-family market's origination volume grew to exceed $330 billion in 2025 and is expected to reach approximately $400 billion in 2026. For context, the total value of institutional-quality apartment properties in the U.S. was $2.6 trillion as of mid-2025.
- U.S. Commercial Mortgage-Backed Securities (CMBS) Market: The U.S. CMBS market had a market capitalization of approximately $1.8 trillion as of December 31, 2025. CMBS issuance in the U.S. reached $92.5 billion through September 30, 2025, with private-label CMBS issuance increasing to $125.6 billion in 2025.
- U.S. Construction Loan Market: The market for construction loans in the U.S. was approximately $470 billion.
- U.S. Mezzanine Loans and Preferred Equity Market: These investments are typically part of the broader private credit market. The North American mezzanine finance market is the largest globally, projected to reach a valuation of "several billion dollars" by 2026. The global private credit market, which includes mezzanine financing and preferred equity, reached US$238 billion in 2024 and is expected to grow to US$400 billion in assets under management by the end of the decade. Alternative debt sources, such as private credit funds, accounted for 24% of U.S. CRE lending volume in the past year.
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Lument Finance Trust (LFT) anticipates several key drivers for its future revenue growth over the next two to three years, primarily stemming from its core investment strategy and prevailing market conditions.
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Expanded Lending and Capital Redeployment in Middle-Market Multifamily Assets: Lument Finance Trust focuses on investing in transitional floating-rate commercial mortgage loans on middle-market multi-family assets. The company plans to actively redeploy capital into this core lending area as the market stabilizes. Strong multifamily fundamentals, characterized by modest and stable rent growth, robust occupancy, and a slowing of new supply, are expected to support expanded lending, stable earnings, and diversified revenue opportunities. This sustained demand in the multifamily sector, partly due to affordability challenges in the single-family market, is a key driver for new loan originations.
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Strategic Utilization of the CRE CLO Market for Financing: The company views the open and healthy Commercial Real Estate Collateralized Loan Obligation (CRE CLO) market as crucial for its future growth. The rebound in CRE CLO issuance supports LFT's outlook for returning to this securitization market as a repeat issuer. Successfully closing new CRE CLO transactions, such as the $664 million CLO in December 2025, provides LFT with the necessary liquidity and financing to fund new loan originations and expand its investment portfolio.
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Favorable Interest Rate Environment for Floating-Rate Loans: As Lument Finance Trust primarily invests in floating-rate commercial mortgage loans, its investment returns are positively correlated with interest rate fluctuations. The expectation of sustained elevated short-term interest rates is anticipated to continue benefiting LFT's earnings profile. While there has been some moderation in rates, the company expects continued positive impact from these conditions in the coming quarters.
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Share Issuance
- In May 2021, Lument Finance Trust closed an underwritten public offering of 2,400,000 shares of its 7.875% Series A Cumulative Redeemable Preferred Stock at $25.00 per share.
- The company received approximately $58.1 million in net proceeds from this offering, after deducting underwriting discounts but before estimated offering expenses.
- The net proceeds from this issuance were intended to be used for additional investments in target assets consistent with its investment strategy and for general corporate purposes.
Capital Expenditures
- Lument Finance Trust had capital expenditures of approximately $861,706, which was covered by its robust free cash flow.
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Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 9.51 |
| Mkt Cap | 1.5 |
| Rev LTM | 382 |
| Op Inc LTM | - |
| FCF LTM | 204 |
| FCF 3Y Avg | 231 |
| CFO LTM | 230 |
| CFO 3Y Avg | 265 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -16.8% |
| Rev Chg 3Y Avg | -6.0% |
| Rev Chg Q | -8.9% |
| QoQ Delta Rev Chg LTM | -2.3% |
| Op Inc Chg LTM | - |
| Op Inc Chg 3Y Avg | - |
| Op Mgn LTM | - |
| Op Mgn 3Y Avg | - |
| QoQ Delta Op Mgn LTM | - |
| CFO/Rev LTM | 60.6% |
| CFO/Rev 3Y Avg | 73.0% |
| FCF/Rev LTM | 57.3% |
| FCF/Rev 3Y Avg | 67.6% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 1.5 |
| P/S | 4.6 |
| P/Op Inc | - |
| P/EBIT | - |
| P/E | 11.3 |
| P/CFO | 6.5 |
| Total Yield | 16.8% |
| Dividend Yield | 12.8% |
| FCF Yield 3Y Avg | 14.1% |
| D/E | 5.1 |
| Net D/E | 5.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 4.2% |
| 3M Rtn | 1.4% |
| 6M Rtn | -2.5% |
| 12M Rtn | -2.9% |
| 3Y Rtn | 26.2% |
| 1M Excs Rtn | -4.7% |
| 3M Excs Rtn | -3.5% |
| 6M Excs Rtn | -10.1% |
| 12M Excs Rtn | -33.1% |
| 3Y Excs Rtn | -54.8% |
Price Behavior
| Market Price | $1.16 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 03/22/2013 | |
| Distance from 52W High | -51.5% | |
| 50 Days | 200 Days | |
| DMA Price | $1.28 | $1.55 |
| DMA Trend | down | down |
| Distance from DMA | -9.5% | -25.4% |
| 3M | 1YR | |
| Volatility | 43.0% | 45.8% |
| Downside Capture | 0.79 | 0.88 |
| Upside Capture | 54.13 | 32.65 |
| Correlation (SPY) | 19.7% | 22.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.45 | 0.56 | 0.60 | 1.07 | 0.84 | 0.52 |
| Up Beta | -0.43 | -0.33 | 0.01 | 0.52 | 0.58 | 0.44 |
| Down Beta | 0.73 | 0.62 | 1.05 | 1.36 | 0.99 | 0.56 |
| Up Capture | 38% | 65% | 63% | 92% | 25% | 20% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 7 | 17 | 25 | 47 | 100 | 342 |
| Down Capture | 460% | 123% | 87% | 134% | 134% | 83% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 18 | 29 | 62 | 125 | 333 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LFT | |
|---|---|---|---|---|
| LFT | -52.4% | 45.7% | -1.48 | - |
| Sector ETF (XLF) | 5.3% | 14.6% | 0.14 | 28.5% |
| Equity (SPY) | 27.8% | 12.5% | 1.73 | 22.4% |
| Gold (GLD) | 40.6% | 27.2% | 1.23 | 11.0% |
| Commodities (DBC) | 50.1% | 18.0% | 2.16 | -4.6% |
| Real Estate (VNQ) | 11.0% | 13.4% | 0.53 | 33.4% |
| Bitcoin (BTCUSD) | -17.3% | 42.2% | -0.34 | 14.9% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LFT | |
|---|---|---|---|---|
| LFT | -10.5% | 34.7% | -0.25 | - |
| Sector ETF (XLF) | 9.4% | 18.7% | 0.39 | 24.9% |
| Equity (SPY) | 12.8% | 17.1% | 0.59 | 23.2% |
| Gold (GLD) | 20.2% | 17.9% | 0.92 | 9.7% |
| Commodities (DBC) | 14.0% | 19.1% | 0.60 | 7.1% |
| Real Estate (VNQ) | 3.4% | 18.8% | 0.09 | 24.2% |
| Bitcoin (BTCUSD) | 7.9% | 56.2% | 0.35 | 14.0% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with LFT | |
|---|---|---|---|---|
| LFT | -2.5% | 41.4% | 0.07 | - |
| Sector ETF (XLF) | 12.5% | 22.2% | 0.52 | 25.9% |
| Equity (SPY) | 14.9% | 17.9% | 0.71 | 24.6% |
| Gold (GLD) | 13.4% | 15.9% | 0.70 | 4.2% |
| Commodities (DBC) | 9.6% | 17.7% | 0.45 | 11.0% |
| Real Estate (VNQ) | 5.6% | 20.7% | 0.23 | 28.7% |
| Bitcoin (BTCUSD) | 67.4% | 66.9% | 1.06 | 8.2% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/23/2026 | -8.0% | -4.3% | -2.8% |
| 11/12/2025 | -3.2% | -4.5% | -5.2% |
| 8/8/2025 | -9.1% | -7.4% | 1.3% |
| 3/19/2025 | 1.1% | -0.7% | -2.8% |
| 11/12/2024 | -2.9% | 4.9% | 6.9% |
| 8/12/2024 | -4.3% | -3.5% | -2.4% |
| 3/15/2024 | -0.5% | 12.2% | 11.2% |
| 11/13/2023 | 1.5% | 4.0% | 8.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 6 | 8 | 9 |
| # Negative | 13 | 11 | 10 |
| Median Positive | 1.6% | 3.7% | 6.9% |
| Median Negative | -3.2% | -3.5% | -3.5% |
| Max Positive | 3.4% | 12.2% | 17.4% |
| Max Negative | -9.1% | -7.4% | -9.3% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 12/31/2025 | 03/23/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/12/2025 | 10-Q |
| 12/31/2024 | 03/19/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/12/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/08/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/23/2023 | 10-K |
| 09/30/2022 | 11/08/2022 | 10-Q |
| 06/30/2022 | 08/08/2022 | 10-Q |
| 03/31/2022 | 05/09/2022 | 10-Q |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Houlihan, William A | Direct | Buy | 4012026 | 1.30 | 5,000 | 6,500 | 338,952 | Form | |
| 2 | Keenan, Walter C | wife | Buy | 3272026 | 19.63 | 5,000 | 98,150 | 204,152 | Form | |
| 3 | Keenan, Walter C | Direct | Sell | 3272026 | 19.67 | 3,600 | 70,828 | 76,730 | Form | |
| 4 | Keenan, Walter C | Direct | Buy | 3272026 | 19.50 | 1,500 | 29,250 | 105,300 | Form | |
| 5 | Houlihan, William A | Direct | Buy | 3272026 | 1.29 | 15,000 | 19,350 | 329,894 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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