Insider Buying: PMC Commercial Trust Director Purchases 7,200 Shares of Stock (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Richard S. Ressler acquired 7,200 shares of PMC Commercial Trust stock in a transaction dated Wednesday, June 18th. The shares were purchased at an average price of $22.29 per share, for a total transaction of $160,488.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of PMC Commercial Trust (NASDAQ:CMCT) traded down 0.95% on Wednesday, hitting $21.81. 7,402 shares of the company’s stock traded hands. 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 $22.71 and its 200-day moving average is $36.00. The company has a market cap of $2.128 billion and a P/E ratio of 37.20.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 27th. Investors 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 4.01%. The ex-dividend date is Thursday, June 19th.
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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