Insider Buying: Richard S. Ressler Buys 5,105 Shares of PMC Commercial Trust Stock (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Richard S. Ressler bought 5,105 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of $21.25 per share, with a total value of $108,481.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of PMC Commercial Trust (NASDAQ:CMCT) traded up 0.09% during mid-day trading on Monday, hitting $21.10. The stock had a trading volume of 7,599 shares. PMC Commercial Trust has a one year low of $21.02 and a one year high of $50.00. The stock’s 50-day moving average is $22.39 and its 200-day moving average is $33.93. The company has a market cap of $2.059 billion and a P/E ratio of 35.61.
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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