Eagle Point Credit Management Sells 27,196 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by Defense World Staff on Sep 20th, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 27,196 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $24.34, for a total value of $661,950.64. Following the completion of the sale, the insider now directly owns 556,191 shares of the company’s stock, valued at approximately $13,537,688.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $23.59, for a total value of $35,455.77.
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 value 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 value of $17,461.02.
On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.99, for a total value of $18,117.75.
On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total value 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 value of $67,687.16.
On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.92, for a total value 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 value of $52,311.00.
On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.57, for a total value 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 value of $34,569.30.

ACRES Commercial Realty Price Performance

NYSE ACR traded down $0.13 on Friday, hitting $15.32. 7,446 shares of the company’s stock were exchanged, compared to its average volume of 21,739. The stock has a 50-day moving average of $15.05 and a 200-day moving average of $13.75. The company has a current ratio of 100.49, a quick ratio of 100.49 and a debt-to-equity ratio of 3.56. 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 $121.93 million, a price-to-earnings ratio of 22.07 and a beta of 2.05.

Institutional Trading of ACRES Commercial Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Nokomis Capital L.L.C. purchased a new position in ACRES Commercial Realty during the first quarter worth about $3,729,000. Acadian Asset Management LLC increased 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 buying an additional 16,986 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new position in shares of ACRES Commercial Realty during the 1st quarter valued at $580,000. Ritholtz Wealth Management grew its holdings in shares of ACRES Commercial Realty by 17.0% during the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after purchasing an additional 3,043 shares during the last quarter. Finally, Biltmore Family Office LLC purchased a new stake in ACRES Commercial Realty during the 2nd quarter valued at $160,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

About ACRES Commercial Realty

(Get Free Report)

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.