ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells $20,338.50 in Stock

Key Points

• Eagle Point Credit Management sold 910 shares of ACRES Commercial Realty at an average price of $22.35, resulting in a total transaction of $20,338.50.
• The insider's total ownership after the sale decreased slightly to 794,075 shares, valued at approximately $17,747,576.25.
• ACRES Commercial Realty's stock price recently traded at $21.09, with a 1-year range of $14.87 to $23.81.

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 910 shares of the stock in a transaction dated Thursday, September 4th. The shares were sold at an average price of $22.35, for a total transaction of $20,338.50. Following the transaction, the insider owned 794,075 shares of the company's stock, valued at approximately $17,747,576.25. The trade was a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 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 Monday, September 8th, Eagle Point Credit Management sold 2,188 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.43, for a total value of $49,076.84.
• 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 Tuesday, September 2nd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was 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 value 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 value 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 shares were 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 stock was sold at an average price of $22.31, for a total transaction of $95,732.21.
• On Tuesday, August 19th, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total transaction of $37,330.20.

ACRES Commercial Realty Stock Performance

Shares of ACR traded down $0.18 during mid-day trading on Monday, reaching $21.09. 10,212 shares of the stock traded hands, compared to its average volume of 19,070. 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 $19.31 and a 200 day moving average price of $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 institutional investors have recently added to or reduced their stakes in the business. Ritholtz Wealth Management raised its holdings in shares of ACRES Commercial Realty by 16.8% in the 1st quarter. Ritholtz Wealth Management now owns 30,271 shares of the company's stock valued at $656,000 after acquiring an additional 4,360 shares in the last quarter. Jane Street Group LLC purchased a new stake in ACRES Commercial Realty in the fourth quarter valued at approximately $213,000. Northern Trust Corp lifted its position in ACRES Commercial Realty by 32.5% during the fourth quarter. Northern Trust Corp now owns 39,671 shares of the company's stock valued at $641,000 after purchasing an additional 9,738 shares during the last quarter. Nokomis Capital L.L.C. grew its stake in ACRES Commercial Realty by 1.1% in the 4th 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 in the last quarter. Finally, Informed Momentum Co LLC bought a new position in shares of ACRES Commercial Realty in the 1st quarter worth $697,000. 40.03% of the stock is currently owned by institutional investors.

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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