Eagle Point Credit Management Sells 13,008 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Key Points

• Eagle Point Credit Management, a major shareholder of ACRES Commercial Realty Corp. (NYSE: ACR), sold 13,008 shares for a total of $290,078.40 on July 31, representing a 1.59% decrease in their ownership.
• ACRES Commercial Realty's stock recently traded down 2.2% to $19.24, and has a 52-week low of $14.63 and a high of $23.81.
• The company reported a loss of ($0.97) earnings per share in its last quarterly earnings, significantly missing analysts' expectations of $0.18.

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 13,008 shares of the stock in a transaction dated Thursday, July 31st. The stock was sold at an average price of $22.30, for a total transaction of $290,078.40. Following the completion of the sale, the insider directly owned 804,974 shares in the company, valued at approximately $17,950,920.20. The trade was a 1.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Major 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, July 30th, Eagle Point Credit Management sold 1,727 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total transaction of $38,339.40.
• On Wednesday, July 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.32, for a total transaction of $2,232.00.
• On Tuesday, July 22nd, Eagle Point Credit Management sold 15,084 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total transaction of $336,373.20.
• On Wednesday, July 16th, Eagle Point Credit Management sold 199 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.18, for a total transaction of $4,413.82.
• On Thursday, July 10th, Eagle Point Credit Management sold 6,160 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.21, for a total value of $136,813.60.
• On Tuesday, July 8th, Eagle Point Credit Management sold 1,676 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total value of $37,207.20.
• On Monday, July 7th, Eagle Point Credit Management sold 273 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.20, for a total value of $6,060.60.
• On Monday, June 30th, Eagle Point Credit Management sold 56 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.52, for a total value of $1,261.12.
• On Friday, June 27th, Eagle Point Credit Management sold 1,958 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $44,015.84.
• On Thursday, June 26th, Eagle Point Credit Management sold 54 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.48, for a total value of $1,213.92.

ACRES Commercial Realty Trading Up 0.2%

Shares of NYSE:ACR traded up $0.03 during trading on Tuesday, reaching $19.49. The company's stock had a trading volume of 4,976 shares, compared to its average volume of 40,149. The stock has a market capitalization of $144.03 million, a PE ratio of -974.01 and a beta of 1.78. The firm's 50 day simple moving average is $18.16 and its two-hundred day simple moving average is $18.90. ACRES Commercial Realty Corp. has a 12 month low of $14.87 and a 12 month high of $23.81. The company has a current ratio of 88.11, a quick ratio of 88.11 and a debt-to-equity ratio of 2.89.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The company reported ($0.97) EPS for the quarter, missing the consensus estimate of $0.18 by ($1.15). ACRES Commercial Realty had a net margin of 26.22% and a return on equity of 3.35%. The firm had revenue of $5.60 million for the quarter, compared to analysts' expectations of $19.89 million. On average, research analysts predict that ACRES Commercial Realty Corp. will post 0.78 EPS for the current fiscal year.

Institutional Investors Weigh In On ACRES Commercial Realty

Institutional investors have recently added to or reduced their stakes in the business. Nokomis Capital L.L.C. lifted its holdings in shares of ACRES Commercial Realty by 1.1% during the fourth quarter. Nokomis Capital L.L.C. now owns 264,597 shares of the company's stock worth $4,273,000 after purchasing an additional 2,889 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of ACRES Commercial Realty by 1.2% during the first quarter. Acadian Asset Management LLC now owns 156,453 shares of the company's stock worth $3,386,000 after purchasing an additional 1,851 shares during the period. Gratia Capital LLC lifted its holdings in shares of ACRES Commercial Realty by 1.3% during the fourth quarter. Gratia Capital LLC now owns 101,314 shares of the company's stock worth $1,636,000 after purchasing an additional 1,314 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in ACRES Commercial Realty by 2.4% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock valued at $997,000 after acquiring an additional 1,458 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in ACRES Commercial Realty in the fourth quarter valued at approximately $829,000. Institutional investors and hedge funds own 40.03% of the company's stock.

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.