5 High Growth Penny Stocks That Are Profitable

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In this article, we will take a look at the 5 high growth penny stocks that are profitable. To read our analysis of the recent market trends and activity, you can go to the 13 High Growth Penny Stocks That Are Profitable.

5. Lument Finance Trust, Inc. (NYSE:LFT)

Latest YoY Quarterly Revenue Growth: 74.07%

Number of Hedge Fund Holders: 13

Lument Finance Trust, Inc. (NYSE:LFT) is a real estate investment trust (REIT) focused on commercial real estate debt investments. It primarily invests in transitional floating rate commercial mortgage loans with an emphasis on middle-market multi-family assets.

On November 13, Lument Finance Trust, Inc. (NYSE:LFT) released its financial results for Q3 2023. Its net interest income increased by 74% y-o-y to $9.5 million, while net income surged by 324% y-o-y to $6.4 million.

On December 12, Lument Finance Trust, Inc. (NYSE:LFT) announced the declaration of a cash dividend of  $0.07 per share which brings the total dividends declared in 2023 to $0.26 per share. The dividend reflects a dividend yield of 11.61% based on the share price on February 7, the highest on our list of 13 high growth penny stocks that are profitable.

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