CIM Commercial Trust Corp (NASDAQ:CMCT) CEO David Andrew Thompson purchased 7,500 shares of CIM Commercial Trust stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average cost of $14.39 per share, for a total transaction of $107,925.00. Following the transaction, the chief executive officer now directly owns 7,500 shares of the company’s stock, valued at approximately $107,925. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of CMCT stock traded up $0.10 during trading hours on Wednesday, reaching $14.38. 33,000 shares of the stock were exchanged, compared to its average volume of 11,690. The business’s fifty day moving average is $14.50 and its two-hundred day moving average is $17.94. The company has a quick ratio of 4.34, a current ratio of 4.34 and a debt-to-equity ratio of 3.24. CIM Commercial Trust Corp has a 12-month low of $14.15 and a 12-month high of $69.31.
Several hedge funds have recently added to or reduced their stakes in CMCT. Nisa Investment Advisors LLC increased its stake in shares of CIM Commercial Trust by 56.2% during the second quarter. Nisa Investment Advisors LLC now owns 3,195 shares of the real estate investment trust’s stock worth $66,000 after buying an additional 1,150 shares during the period. JPMorgan Chase & Co. increased its stake in shares of CIM Commercial Trust by 284.8% during the second quarter. JPMorgan Chase & Co. now owns 1,497 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,108 shares during the period. Panagora Asset Management Inc. purchased a new stake in shares of CIM Commercial Trust during the second quarter worth approximately $747,000. Charles Schwab Investment Management Inc. purchased a new stake in shares of CIM Commercial Trust during the second quarter worth approximately $303,000. Finally, Bank of New York Mellon Corp increased its stake in shares of CIM Commercial Trust by 33.7% during the second quarter. Bank of New York Mellon Corp now owns 38,743 shares of the real estate investment trust’s stock worth $799,000 after buying an additional 9,757 shares during the period. Hedge funds and other institutional investors own 43.11% of the company’s stock.
About CIM Commercial Trust
CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and onsite property management capabilities.
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