ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $18,117.75 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $24.99, for a total transaction of $18,117.75. Following the completion of the transaction, the insider now directly owns 587,691 shares in the company, valued at approximately $14,686,398.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total transaction of $89,328.48.
• On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction of $17,461.02.
• On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.98, for a total transaction of $2,498.00.
• On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $67,687.16.
• On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.92, for a total transaction of $29,904.00.
• On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.91, for a total transaction of $52,311.00.
• On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.57, for a total transaction of $125,994.96.
• On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $34,569.30.
• On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $77,569.53.
• On Thursday, August 15th, Eagle Point Credit Management sold 4,706 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.87, for a total transaction of $117,038.22.

ACRES Commercial Realty Trading Up 1.4 %

Shares of ACR stock opened at $15.47 on Thursday. ACRES Commercial Realty Corp. has a 52-week low of $6.62 and a 52-week high of $16.13. The stock has a market cap of $121.75 million, a price-to-earnings ratio of 22.10 and a beta of 2.05. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. The firm has a fifty day moving average of $14.83 and a 200-day moving average of $13.59.

Hedge Funds Weigh In On ACRES Commercial Realty

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty in the 1st quarter valued at $172,000. Biltmore Family Office LLC bought a new stake in shares of ACRES Commercial Realty in the 2nd quarter worth about $160,000. Ritholtz Wealth Management grew its holdings in shares of ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after purchasing an additional 3,043 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of ACRES Commercial Realty in the 1st quarter worth about $580,000. Finally, Acadian Asset Management LLC grew its holdings in shares of ACRES Commercial Realty by 19.2% in the 1st quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock worth $1,480,000 after purchasing an additional 16,986 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

ACRES Commercial Realty Company Profile

ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and equity investments in commercial real estate property in the United States. It invests in commercial real estate-related assets, including floating-rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine financing, preferred equity investments, and commercial mortgage-backed securities.