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PMC Commercial Trust (NASDAQ:CMCT) major shareholder Cim Service Provider, Llc bought 6,300 shares of PMC Commercial Trust stock in a transaction dated Wednesday, June 4th. The shares were purchased at an average price of $23.00 per share, with a total value of $144,900.00. Following the acquisition, the insider now directly owns 158,416 shares of the company’s stock, valued at approximately $3,643,568. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

PMC Commercial Trust (NASDAQ:CMCT) traded down 1.17% during mid-day trading on Wednesday, hitting $22.86. The stock had a trading volume of 7,306 shares. PMC Commercial Trust has a 1-year low of $21.45 and a 1-year high of $51.20. The stock has a 50-day moving average of $22.79 and a 200-day moving average of $37.47. The company has a market cap of $2.230 billion and a P/E ratio of 39.07.

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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