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PMC Commercial Trust (NASDAQ:CMCT) Director Avraham Shemesh purchased 3,800 shares of PMC Commercial Trust stock on the open market in a transaction dated Friday, May 30th. The stock was purchased at an average price of $23.00 per share, with a total value of $87,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of PMC Commercial Trust (NASDAQ:CMCT) traded up 0.30% during mid-day trading on Friday, hitting $23.07. 7,392 shares of the company’s stock traded hands. PMC Commercial Trust has a one year low of $21.45 and a one year high of $51.20. The stock has a 50-day moving average of $22.80 and a 200-day moving average of $38.02. The company has a market cap of $2.251 billion and a price-to-earnings ratio of 38.85.

CIM Commerical Trust Corp, formerly PMC Commercial Trust, together with its wholly owned subsidiaries is a real estate investment trust (NASDAQ:CMCT) that primarily originates loans to small businesses collateralized by first liens on the real estate of the related business.

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