Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 1,503 Shares of 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 that occurred on Friday, September 13th. The stock was sold at an average price of $23.59, for a total value of $35,455.77. Following the completion of the sale, the insider now owns 578,365 shares of the company’s stock, valued at approximately $13,643,630.35. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 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 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 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 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 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 shares were sold at an average price of $24.87, for a total transaction 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 Trading Down 0.2 %

Shares of ACR stock traded down $0.03 during trading hours on Monday, reaching $15.35. The company’s stock had a trading volume of 13,336 shares, compared to its average volume of 21,934. 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 one year low of $6.62 and a one year high of $16.13. The stock has a market capitalization of $120.80 million, a P/E ratio of 21.97 and a beta of 2.05. The firm’s fifty day simple moving average is $14.92 and its 200 day simple moving average is $13.68.

Institutional Trading of ACRES Commercial Realty

Large investors have recently added to or reduced their stakes in the stock. Biltmore Family Office LLC purchased a new stake in shares of ACRES Commercial Realty in the 2nd quarter worth about $160,000. Janney Montgomery Scott LLC bought a new stake in ACRES Commercial Realty during the 1st quarter valued at approximately $172,000. 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 worth $267,000 after acquiring an additional 3,043 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of ACRES Commercial Realty in the 1st quarter worth approximately $580,000. Finally, Acadian Asset Management LLC lifted its stake 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 valued at $1,480,000 after purchasing an additional 16,986 shares during the period. 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.