Eagle Point Credit Management Sells 17,075 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 17,075 shares of the firm’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $24.13, for a total transaction of $412,019.75. Following the completion of the transaction, the insider now directly owns 529,516 shares of the company’s stock, valued at approximately $12,777,221.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 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 Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total value of $130,109.98.
• On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.34, for a total transaction of $661,950.64.
• On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.59, for a total transaction 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 transaction of $89,328.48.
• On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was 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 transaction of $2,498.00.
• On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The stock was 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 shares were 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 transaction of $52,311.00.

ACRES Commercial Realty Price Performance

Shares of NYSE ACR traded down $0.15 on Tuesday, hitting $15.80. The company’s stock had a trading volume of 25,678 shares, compared to its average volume of 22,029. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. The stock has a 50 day moving average of $15.15 and a 200-day moving average of $13.87. ACRES Commercial Realty Corp. has a 12-month low of $6.62 and a 12-month high of $16.13. The company has a market capitalization of $125.75 million, a price-to-earnings ratio of 22.80 and a beta of 2.05.

Hedge Funds Weigh In On ACRES Commercial Realty

Hedge funds have recently bought and sold shares of the stock. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty in the first quarter valued at approximately $172,000. Acadian Asset Management LLC lifted its stake in shares of ACRES Commercial Realty by 19.2% during 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 period. O Shaughnessy Asset Management LLC purchased a new position in shares of ACRES Commercial Realty during the 1st quarter worth $580,000. Nokomis Capital L.L.C. purchased a new stake in shares of ACRES Commercial Realty in the first quarter valued at $3,729,000. Finally, Ritholtz Wealth Management increased its stake in ACRES Commercial Realty by 17.0% in the second 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. Hedge funds and other institutional investors own 40.03% of the company’s stock.

About ACRES Commercial Realty

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.