RAIT Financial Trust (OTCMKTS:RASF) Major Shareholder Charles L. Frischer Buys 16,198 Shares

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RAIT Financial Trust (OTCMKTS:RASF) major shareholder Charles L. Frischer bought 16,198 shares of the business’s stock in a transaction dated Monday, September 17th. The shares were bought at an average price of $2.74 per share, with a total value of $44,382.52. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Shares of RAIT Financial Trust stock remained flat at $$2.85 during trading on Friday. The stock had a trading volume of 6,743 shares, compared to its average volume of 32,947. The company has a quick ratio of 18.06, a current ratio of 18.06 and a debt-to-equity ratio of 9.16. RAIT Financial Trust has a 12 month low of $2.05 and a 12 month high of $35.50.

RAIT Financial Trust Company Profile

RAIT Financial Trust is an internally-managed real estate investment trust focused on providing debt financing options to owners of commercial real estate throughout the United States.

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