Real Estate Credit Investments Limited (LON:RECI) Insider Bob Cowdell Buys 20,000 Shares

Real Estate Credit Investments Limited (LON:RECI) insider Bob Cowdell acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The shares were bought at an average cost of GBX 115 ($1.43) per share, for a total transaction of £23,000 ($28,631.89).

Bob Cowdell also recently made the following trade(s):

• On Friday, February 16th, Bob Cowdell acquired 10,000 shares of Real Estate Credit Investments stock. The shares were bought at an average cost of GBX 121 ($1.51) per share, for a total transaction of £12,100 ($15,062.87).

Real Estate Credit Investments Stock Performance

Shares of RECI opened at GBX 115.50 ($1.44) on Wednesday. The stock’s 50-day simple moving average is GBX 118.55 and its 200 day simple moving average is GBX 124.43. The stock has a market capitalization of £260.15 million, a price-to-earnings ratio of 1,050.00 and a beta of 0.43. The company has a debt-to-equity ratio of 17.51, a quick ratio of 0.10 and a current ratio of 0.18. Real Estate Credit Investments Limited has a 52-week low of GBX 109.50 ($1.36) and a 52-week high of GBX 134.50 ($1.67).

Real Estate Credit Investments Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, April 5th. Investors of record on Thursday, March 14th were issued a dividend of GBX 3 ($0.04) per share. The ex-dividend date was Thursday, March 14th. This represents a yield of 2.5%. Real Estate Credit Investments’s dividend payout ratio (DPR) is 10,909.09%.

About Real Estate Credit Investments

Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in the fixed income markets across the globe. It primarily makes its investments in asset backed securities. The fund considers coupon or cash flows on the tranche relative to the underlying credit to make its investments.