PMC Commercial Trust Director Shaul Kuba Acquires 7,203 Shares (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Shaul Kuba bought 7,203 shares of PMC Commercial Trust stock on the open market in a transaction dated Friday, June 27th. The stock was purchased at an average price of $22.53 per share, for a total transaction of $162,283.59. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
PMC Commercial Trust (NASDAQ:CMCT) traded down 3.98% during mid-day trading on Friday, hitting $21.69. The stock had a trading volume of 53,947 shares. PMC Commercial Trust has a one year low of $21.45 and a one year high of $51.20. The stock’s 50-day moving average is $22.62 and its 200-day moving average is $34.96. The company has a market cap of $2.116 billion and a price-to-earnings ratio of 38.16.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.2188 per share. This represents a $0.88 dividend on an annualized basis and a yield of 4.03%. The ex-dividend date of this dividend 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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