Insider Buying: Richard S. Ressler Acquires 4,200 Shares of PMC Commercial Trust Stock (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Richard S. Ressler bought 4,200 shares of the company’s stock on the open market in a transaction that occurred on Friday, June 6th. The stock was purchased at an average cost of $22.99 per share, for a total transaction of $96,558.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.
PMC Commercial Trust (NASDAQ:CMCT) traded up 0.87% on Friday, hitting $23.15. The stock had a trading volume of 5,406 shares. PMC Commercial Trust has a 52-week low of $21.45 and a 52-week high of $51.20. The stock’s 50-day moving average is $22.80 and its 200-day moving average is $37.26. The company has a market cap of $2.259 billion and a P/E ratio of 38.77.
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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