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

Real Estate Credit Investments Limited (LON:RECI) insider Bob Cowdell bought 20,000 shares of Real Estate Credit Investments stock in a transaction that occurred on Tuesday, April 16th. The shares were acquired at an average price 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 bought at an average cost of GBX 121 ($1.51) per share, with a total value of £12,100 ($15,062.87).

Real Estate Credit Investments Price Performance

RECI opened at GBX 115.50 ($1.44) on Wednesday. The company has a 50-day moving average of GBX 118.55 and a 200-day moving average of GBX 124.43. The company has a market capitalization of £260.15 million, a P/E ratio of 1,050.00 and a beta of 0.43. Real Estate Credit Investments Limited has a 1-year low of GBX 109.50 ($1.36) and a 1-year high of GBX 134.50 ($1.67). The company has a debt-to-equity ratio of 17.51, a quick ratio of 0.10 and a current ratio of 0.18.

Real Estate Credit Investments Dividend Announcement

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

About Real Estate Credit Investments

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.