Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $89,328.48 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 3,576 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $24.98, for a total value of $89,328.48. Following the completion of the sale, the insider now owns 578,868 shares of the company’s stock, valued at $14,460,122.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large 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 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 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 transaction of $18,117.75.
• 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 stock was 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 value of $29,904.00.
• On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The stock was 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 shares were 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 stock was sold at an average price of $24.87, for a total value 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 stock was sold at an average price of $24.87, for a total transaction of $117,038.22.

ACRES Commercial Realty Price Performance

ACR opened at $15.38 on Friday. The company has a fifty day moving average price of $14.92 and a two-hundred day moving average price of $13.63. The firm has a market capitalization of $121.04 million, a PE ratio of 21.97 and a beta of 2.05. ACRES Commercial Realty Corp. has a 52 week low of $6.62 and a 52 week high of $16.13. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49.

Hedge Funds Weigh In On ACRES Commercial Realty

Several hedge funds have recently added to or reduced their stakes in ACR. Janney Montgomery Scott LLC acquired a new position in shares of ACRES Commercial Realty during the 1st quarter worth about $172,000. Biltmore Family Office LLC bought a new position in ACRES Commercial Realty during the 2nd quarter worth approximately $160,000. Ritholtz Wealth Management grew its holdings in ACRES Commercial Realty by 17.0% during 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 period. O Shaughnessy Asset Management LLC bought a new stake in ACRES Commercial Realty in the first quarter valued at approximately $580,000. Finally, Acadian Asset Management LLC raised its holdings in ACRES Commercial Realty by 19.2% in the first 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. Institutional investors and hedge funds 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.