Real Estate Credit Investments Limited (LON:RECI) Insider Purchases £23,000 in Stock

Real Estate Credit Investments Limited (LON:RECI) insider Bob Cowdell bought 20,000 shares of the business’s stock in a transaction on Tuesday, April 16th. The stock was acquired 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 bought 10,000 shares of Real Estate Credit Investments stock. The stock was acquired 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 116 ($1.44) on Friday. The business’s 50 day moving average is GBX 118.32 and its two-hundred day moving average is GBX 124.31. Real Estate Credit Investments Limited has a 52-week low of GBX 109.50 ($1.36) and a 52-week high of GBX 134 ($1.67). The firm has a market cap of £261.28 million, a price-to-earnings ratio of 1,054.55 and a beta of 0.43. The company has a quick ratio of 0.10, a current ratio of 0.18 and a debt-to-equity ratio of 17.51.

Real Estate Credit Investments Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 14th were given a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.5%. The ex-dividend date of this dividend was Thursday, March 14th. Real Estate Credit Investments’s payout ratio is 10,909.09%.

Real Estate Credit Investments Company Profile

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.