Real Estate Credit Investments Limited (LON:RECI) Insider buys £12,800 worth of shares
Real Estate Credit Investments Limited (LON:RECI – Get a rating) insider Colleen McHugh acquired 10,000 shares of the company in a trade on Monday, September 26. The shares were purchased at an average cost of 128 GBX ($1.55) per share, for a total transaction of £12,800 ($15,466.41).
Colleen McHugh also recently completed the following trade(s):
- On Wednesday, September 7, Colleen McHugh purchased 10,000 shares of Real Estate Credit Investments. The share was acquired at an average cost of 141 GBX ($1.70) per share, for a total transaction of £14,100 ($17,037.22).
Price performance of mortgage investments
Shares of RECI fell GBX 11 ($0.13) on Monday, reaching GBX 124 ($1.50). The company’s shares had a trading volume of 818,036 shares, compared to an average volume of 257,018. The company has a market capitalization of £284.37 million and a PE ratio of 1,227.27. The company has a debt ratio of 29.18, a current ratio of 0.51 and a quick ratio of 0.46. Real Estate Credit Investments Limited has a fifty-two week minimum of 124 GBX ($1.50) and a fifty-two week maximum of 159.42 GBX ($1.93). The company has a 50-day moving average price of 143.55 GBX and a 200-day moving average price of 147.82 GBX.
Announcement of dividends on credit real estate investments
The company also recently disclosed a dividend, which was paid on Friday, September 9. Shareholders of record on Thursday August 18 received a dividend of 3 GBX ($0.04) per share. This represents a return of 2.06%. The ex-dividend date was Thursday, August 18. Real Estate Credit Investments’ dividend payout rate is 109.09%.
About mortgage investments
Real Estate Credit Investments Limited is a closed-end bond mutual fund launched and managed by Cheyne Capital Management (UK) LLP. The fund invests in bond markets worldwide. It invests primarily in asset-backed securities. The fund considers the coupon or cash flow on the tranche relative to the underlying credit to make its investments.
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