ACRES Commercial Realty (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 2,188 Shares

Key Points

• Eagle Point Credit Management, a major shareholder of ACRES Commercial Realty, sold 2,188 shares of the company's stock on September 8th at an average price of $22.43, totaling $49,076.84.
• Following this transaction, Eagle Point now directly owns 791,797 shares, valued at approximately $17.76 million, reflecting a 0.28% decrease in their ownership.
• ACRES Commercial Realty's stock price fell 0.8% to $21.09 on the same day, with a trading volume significantly lower than its average.

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 2,188 shares of the business's stock in a transaction on Monday, September 8th. The stock was sold at an average price of $22.43, for a total value of $49,076.84. Following the completion of the sale, the insider directly owned 791,797 shares in the company, valued at $17,760,006.71. This trade represents a 0.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Large 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 Friday, September 5th, Eagle Point Credit Management sold 90 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.40, for a total value of $2,016.00.
• On Thursday, September 4th, Eagle Point Credit Management sold 910 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.35, for a total transaction of $20,338.50.
• On Tuesday, September 2nd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.35, for a total transaction of $2,235.00.
• On Friday, August 29th, Eagle Point Credit Management sold 658 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.52, for a total transaction of $14,818.16.
• On Thursday, August 28th, Eagle Point Credit Management sold 323 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.35, for a total transaction of $7,219.05.
• On Wednesday, August 27th, Eagle Point Credit Management sold 1,349 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.35, for a total transaction of $30,150.15.
• On Tuesday, August 26th, Eagle Point Credit Management sold 850 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.35, for a total transaction of $18,997.50.
• On Monday, August 25th, Eagle Point Credit Management sold 744 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total transaction of $16,591.20.
• On Thursday, August 21st, Eagle Point Credit Management sold 4,291 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.31, for a total value of $95,732.21.
• On Tuesday, August 19th, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.30, for a total value of $37,330.20.

ACRES Commercial Realty Trading Down 0.8%

Shares of ACRES Commercial Realty stock traded down $0.18 on Monday, reaching $21.09. The company's stock had a trading volume of 10,212 shares, compared to its average volume of 19,070. ACRES Commercial Realty Corp. has a 52 week low of $14.87 and a 52 week high of $23.81. The firm's fifty day simple moving average is $19.31 and its two-hundred day simple moving average is $19.25. The company has a quick ratio of 69.53, a current ratio of 69.53 and a debt-to-equity ratio of 3.01.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. bought a new position in ACRES Commercial Realty during the 2nd quarter valued at about $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of ACRES Commercial Realty during the second quarter valued at approximately $60,000. Bank of America Corp DE lifted its position in ACRES Commercial Realty by 110.4% during the second quarter. Bank of America Corp DE now owns 3,671 shares of the company's stock valued at $66,000 after purchasing an additional 1,926 shares during the period. Russell Investments Group Ltd. purchased a new stake in ACRES Commercial Realty in the second quarter worth approximately $93,000. Finally, New York State Common Retirement Fund purchased a new stake in ACRES Commercial Realty in the second quarter worth approximately $106,000. Hedge funds and other 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.

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