ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $35,455.77 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 1,503 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $23.59, for a total transaction of $35,455.77. Following the completion of the sale, the insider now owns 578,365 shares in the company, valued at approximately $13,643,630.35. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 shares were 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 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 shares were 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 shares were 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 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 transaction 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 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 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 value of $77,569.53.

ACRES Commercial Realty Price Performance

Shares of ACRES Commercial Realty stock opened at $15.33 on Thursday. The stock has a market cap of $120.65 million, a price-to-earnings ratio of 21.90 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 stock has a 50 day moving average price of $15.01 and a 200-day moving average price of $13.74. ACRES Commercial Realty Corp. has a one year low of $6.62 and a one year high of $16.13.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ACR. Nokomis Capital L.L.C. bought a new stake in shares of ACRES Commercial Realty in the 1st quarter worth about $3,729,000. O Shaughnessy Asset Management LLC purchased a new stake in ACRES Commercial Realty in the 1st quarter worth about $580,000. Acadian Asset Management LLC lifted its stake 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 last quarter. Biltmore Family Office LLC purchased a new position in shares of ACRES Commercial Realty during the second quarter valued at approximately $160,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of ACRES Commercial Realty during the first quarter valued at approximately $172,000. 40.03% of the stock is owned by hedge funds and other institutional investors.

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.