A number of insiders bought Lument Finance Trust, Inc. (NYSE:LFT) stock last year, which is great news for shareholders

When a single insider purchases stock, it is typically not a major deal. However, when multiple insiders purchase stock, like in Lument Finance Trust, Inc.’s (NYSE:LFT) instance, it’s good news for shareholders.

While insider transactions are not the most important thing when it comes to long-term investing, logic dictates you should pay some attention to whether insiders are buying or selling shares.

View our latest analysis for Lument Finance Trust

Lument Finance Trust Insider Transactions Over The Last Year

The Independent Director James Hunt made the biggest insider purchase in the last 12 months. That single transaction was for US$71k worth of shares at a price of US$2.88 each. So it’s clear an insider wanted to buy, even at a higher price than the current share price (being US$1.95). Their view may have changed since then, but at least it shows they felt optimistic at the time. In our view, the price an insider pays for shares is very important. It is generally more encouraging if they paid above the current price, as it suggests they saw value, even at higher levels.

In the last twelve months Lument Finance Trust insiders were buying shares, but not selling. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. By clicking on the graph below, you can see the precise details of each insider transaction!

Lument Finance Trust is not the only stock that insiders are buying. For those who…