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PMC Commercial Trust (NASDAQ:CMCT) major shareholder Cim Service Provider, Llc acquired 104,400 shares of PMC Commercial Trust stock in a transaction that occurred on Friday, July 11th. The shares were purchased at an average price of $24.86 per share, for a total transaction of $2,595,384.00. Following the completion of the acquisition, the insider now directly owns 322,324 shares of the company’s stock, valued at approximately $8,012,975. The purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Shares of PMC Commercial Trust (NASDAQ:CMCT) traded up 0.23% during mid-day trading on Monday, hitting $21.7801. The stock had a trading volume of 4,482 shares. PMC Commercial Trust has a one year low of $21.01 and a one year high of $50.00. The stock’s 50-day moving average is $22.24 and its 200-day moving average is $33.18. The company has a market cap of $2.125 billion and a P/E ratio of 36.71.

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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