ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells $38,339.40 in Stock

Key Points

• Major shareholder Eagle Point Credit Management sold $38,339.40 worth of ACRES Commercial Realty stock, reducing their ownership by 0.21% and leaving them with approximately 817,982 shares.
• ACRES Commercial Realty's stock price fell by 2.2%, trading at $19.24 with a market volume of 22,405 shares.
• ACRES Commercial Realty reported a net loss of ($0.97) earnings per share in their last quarterly earnings, significantly missing analysts' expectations of $0.18 EPS.

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 1,727 shares of the business's stock in a transaction on Wednesday, July 30th. The stock was sold at an average price of $22.20, for a total transaction of $38,339.40. Following the completion of the sale, the insider directly owned 817,982 shares in the company, valued at approximately $18,159,200.40. This represents a 0.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

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

• On Thursday, July 31st, Eagle Point Credit Management sold 13,008 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.30, for a total transaction of $290,078.40.
• 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 shares were 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,213.92.

ACRES Commercial Realty Price Performance

Shares of ACR traded up $0.03 during mid-day trading on Tuesday, reaching $19.49. 4,976 shares of the stock traded hands, compared to its average volume of 40,149. ACRES Commercial Realty Corp. has a 1 year low of $14.87 and a 1 year high of $23.81. The firm has a fifty day moving average price of $18.16 and a 200 day moving average price of $18.90. The company has a market cap of $144.03 million, a price-to-earnings ratio of -974.01 and a beta of 1.78. 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 earnings results on Wednesday, May 7th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($1.15). The company had revenue of $5.60 million during the quarter, compared to analysts' expectations of $19.89 million. ACRES Commercial Realty had a return on equity of 3.35% and a net margin of 26.22%. As a group, equities research analysts predict that ACRES Commercial Realty Corp. will post 0.78 earnings per share for the current year.

Institutional Trading of ACRES Commercial Realty

Several hedge funds have recently added to or reduced their stakes in the business. Nokomis Capital L.L.C. raised its stake 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 valued at $4,273,000 after acquiring an additional 2,889 shares during the last quarter. Acadian Asset Management LLC raised its stake 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 valued at $3,386,000 after acquiring an additional 1,851 shares during the last quarter. Gratia Capital LLC raised its stake 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 valued at $1,636,000 after acquiring an additional 1,314 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in shares of 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 valued at $997,000 after acquiring an additional 1,458 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ACRES Commercial Realty during the fourth quarter valued at about $829,000. 40.03% of the stock is owned by institutional investors.

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.