PMC Commercial Trust major shareholder Buys $109,920 in Stock (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) major shareholder Cim Service Provider, Llc acquired 4,800 shares of the company’s stock in a transaction that occurred on Friday, June 13th. The shares were purchased at an average cost of $22.90 per share, with a total value of $109,920.00. Following the completion of the acquisition, the insider now directly owns 174,616 shares in the company, valued at approximately $3,998,706. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
PMC Commercial Trust (NASDAQ:CMCT) traded down 2.03% on Friday, hitting $22.69. 6,519 shares of the company’s stock traded hands. 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 $36.52. The company has a market cap of $2.214 billion and a price-to-earnings ratio of 39.12.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Monday, June 23rd will be paid a dividend of $0.2188 per share. This represents a $0.88 annualized dividend and a dividend yield of 3.86%.
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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