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PMC Commercial Trust (NASDAQ:CMCT) major shareholder Cim Service Provider, Llc bought 4,480 shares of the stock on the open market in a transaction dated Wednesday, July 30th. The shares were purchased at an average cost of $21.44 per share, for a total transaction of $96,051.20. Following the transaction, the insider now directly owns 346,744 shares in the company, valued at approximately $7,434,191. The acquisition was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

PMC Commercial Trust (NASDAQ:CMCT) traded down 1.50% on Wednesday, hitting $21.00. The stock had a trading volume of 9,335 shares. PMC Commercial Trust has a 52-week low of $21.00 and a 52-week high of $50.00. The stock’s 50-day moving average is $21.80 and its 200-day moving average is $31.40. The company has a market cap of $2.049 billion and a price-to-earnings ratio of 36.01.

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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