Insider Buying: Richard S. Ressler Acquires 5,300 Shares of PMC Commercial Trust Stock (CMCT)
PMC Commercial Trust (NASDAQ:CMCT) Director Richard S. Ressler bought 5,300 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was purchased at an average price of $21.31 per share, for a total transaction of $112,943.00. 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 down 0.38% on Wednesday, hitting $21.21. 6,620 shares of the company’s stock traded hands. PMC Commercial Trust has a 52 week low of $21.01 and a 52 week high of $50.00. The stock has a 50-day moving average of $22.31 and a 200-day moving average of $33.66. The company has a market cap of $2.069 billion and a price-to-earnings ratio of 35.96.
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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