Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 1,676 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 1,676 shares of the firm's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $22.20, for a total value of $37,207.20. Following the transaction, the insider owned 841,252 shares of the company's stock, valued at $18,675,794.40. This trade represents a 0.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• 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 shares were sold at an average price of $22.48, for a total value of $1,213.92.
• On Wednesday, June 25th, Eagle Point Credit Management sold 10 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.48, for a total value of $224.80.
• On Tuesday, June 24th, Eagle Point Credit Management sold 2,222 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.45, for a total value of $49,883.90.
• On Tuesday, June 17th, Eagle Point Credit Management sold 11,071 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.39, for a total value of $247,879.69.
• On Monday, June 16th, Eagle Point Credit Management sold 553 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $12,331.90.
• On Friday, June 13th, Eagle Point Credit Management sold 400 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.25, for a total value of $8,900.00.

ACRES Commercial Realty Stock Down 0.4%

Shares of NYSE ACR traded down $0.08 during midday trading on Friday, hitting $17.83. 19,365 shares of the company's stock were exchanged, compared to its average volume of 30,582. The company has a debt-to-equity ratio of 2.89, a current ratio of 88.11 and a quick ratio of 88.11. ACRES Commercial Realty Corp. has a twelve month low of $13.71 and a twelve month high of $23.81. The company has a market cap of $131.73 million, a PE ratio of 61.47 and a beta of 1.69. The firm's fifty day simple moving average is $18.16 and its 200-day simple moving average is $18.71.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last issued its earnings results on Wednesday, May 7th. The company reported ($0.97) earnings per share for the quarter, missing the consensus estimate of $0.18 by ($1.15). ACRES Commercial Realty had a return on equity of 2.95% and a net margin of 22.98%. The business had revenue of $5.60 million for the quarter, compared to analyst estimates of $19.89 million. 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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nokomis Capital L.L.C. increased its position in 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 buying an additional 2,889 shares during the period. Acadian Asset Management LLC increased its position in 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 buying an additional 1,851 shares during the period. Gratia Capital LLC increased its position in 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 buying an additional 1,314 shares during the period. O Shaughnessy Asset Management LLC increased its position in ACRES Commercial Realty by 2.4% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 61,759 shares of the company's stock worth $997,000 after buying an additional 1,458 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in ACRES Commercial Realty during the fourth quarter worth 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.