Insider Buying: Real Estate Credit Investments (LON:RECI) Insider Purchases 8,000 Shares of Stock

From MarketBeat:

Real Estate Credit Investments insider Colleen McHugh acquired 8,000 shares at an average cost of GBX 123 ($1.57) per share, totaling £9,840 ($12,520.68). RECI stock opened at GBX 122.50 ($1.56) on Friday, having a 1-year low of GBX 109.50 ($1.39) and a 1-year high of GBX 143 ($1.82). The firm has a market capitalization of £280.93 million.

Recently, Real Estate Credit Investments disclosed a dividend of GBX 3 ($0.04) per share, representing a yield of 2.3%. The dividend payout ratio is presently 13,333.33%. Real Estate Credit Investments Limited is a closed-ended fixed income mutual fund managed by Cheyne Capital Management (UK) LLP. It primarily invests in asset-backed securities and considers coupon or cash flows on the tranche relative to the underlying credit.

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