Insider Buying: Real Estate Credit Investments Limited (LON:RECI) Insider Buys 7,500 Shares of Stock

Real Estate Credit Investments Limited (LON:RECI) insider Andreas Tautscher purchased 7,500 shares of Real Estate Credit Investments stock in a transaction dated Wednesday, October 9th. The shares were acquired at an average cost of GBX 129 ($1.69) per share, for a total transaction of £9,675 ($12,661.96).

Real Estate Credit Investments Price Performance

LON RECI opened at GBX 127 ($1.66) on Friday. The company has a debt-to-equity ratio of 7.29, a current ratio of 0.88 and a quick ratio of 0.10. The stock’s fifty day moving average price is GBX 127.86 and its 200 day moving average price is GBX 122.02. Real Estate Credit Investments Limited has a 1 year low of GBX 113.50 ($1.49) and a 1 year high of GBX 132.50 ($1.73). The company has a market cap of £281.80 million, a price-to-earnings ratio of 1,270.00 and a beta of 0.42.

Real Estate Credit Investments Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be given a GBX 3 ($0.04) dividend. This represents a dividend yield of 2.31%. The ex-dividend date is Thursday, September 26th. Real Estate Credit Investments’s payout ratio is 12,000.00%.

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.