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.
This news was generated by narrative science and financial data from MarketBeat to provide the fastest and most accurate reporting. MarketBeat has identified five stocks that analysts believe are better buys than Real Estate Credit Investments. To learn more about these stocks, visit the MarketBeat website.
Read more: Insider Buying: Real Estate Credit Investments (LON:RECI) Insider Purchases 8,000 Shares of Stock