Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 10,601 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 10,601 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $23.38, for a total transaction of $247,851.38. Following the sale, the insider now directly owns 499,391 shares of the company’s stock, valued at $11,675,761.58. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 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 Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total transaction of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total transaction of $104,412.00.
• On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total transaction of $115,055.50.
• On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total transaction of $2,802.40.
• On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total transaction of $100.88.
• On Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total transaction of $130,109.98.
• On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.13, for a total transaction of $412,019.75.
• On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The shares were 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.

ACRES Commercial Realty Trading Up 0.3 %

Shares of ACR stock traded up $0.05 during trading hours on Tuesday, hitting $15.48. The company had a trading volume of 17,215 shares, compared to its average volume of 21,359. The stock has a market capitalization of $123.21 million, a PE ratio of 21.87 and a beta of 2.05. ACRES Commercial Realty Corp. has a fifty-two week low of $6.62 and a fifty-two week high of $16.13. 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 company’s fifty day moving average is $15.57 and its 200 day moving average is $14.26.

Wall Street Analyst Weigh In

Separately, JMP Securities upped their price objective on shares of ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a “market outperform” rating in a report on Wednesday, September 25th.

Institutional Investors Weigh In On ACRES Commercial Realty

A number of hedge funds have recently added to or reduced their stakes in the business. Nokomis Capital L.L.C. acquired a new stake in ACRES Commercial Realty during the 1st quarter worth approximately $3,729,000. Acadian Asset Management LLC lifted its holdings in 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 buying an additional 16,986 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in ACRES Commercial Realty during the 1st quarter worth approximately $580,000. Ritholtz Wealth Management lifted its holdings in ACRES Commercial Realty by 23.0% during the 3rd quarter. Ritholtz Wealth Management now owns 25,769 shares of the company’s stock worth $404,000 after buying an additional 4,825 shares in the last quarter. Finally, Biltmore Family Office LLC acquired a new stake in ACRES Commercial Realty during the 2nd quarter worth approximately $160,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.

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.