ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 6,160 Shares

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 6,160 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $22.21, for a total transaction of $136,813.60. Following the completion of the transaction, the insider directly owned 835,092 shares of the company's stock, valued at approximately $18,547,393.32. This represents a 0.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 Tuesday, July 8th, Eagle Point Credit Management sold 1,676 shares of ACRES Commercial Realty stock. The shares were 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.
• 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 transaction 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 transaction of $49,883.90.
• On Tuesday, June 17th, Eagle Point Credit Management sold 11,071 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.39, for a total transaction of $247,879.69.
• On Monday, June 16th, Eagle Point Credit Management sold 553 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.30, for a total transaction of $12,331.90.
• On Friday, June 13th, Eagle Point Credit Management sold 400 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.25, for a total transaction of $8,900.00.

ACRES Commercial Realty Trading Up 0.8%

ACR traded up $0.14 during trading on Thursday, hitting $17.87. 6,050 shares of the company's stock were exchanged, compared to its average volume of 30,676. 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 Corp. has a 1 year low of $13.72 and a 1 year high of $23.81. The stock has a 50 day moving average price of $18.11 and a 200 day moving average price of $18.73. The firm has a market cap of $132.09 million, a P/E ratio of 61.60 and a beta of 1.69.

ACRES Commercial Realty (NYSE:ACR - Get Free Report) last released its quarterly earnings data 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). 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 analysts' expectations of $19.89 million. As a group, analysts expect that ACRES Commercial Realty Corp. will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Nokomis Capital L.L.C. raised its holdings in ACRES Commercial Realty by 1.1% in 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 in the last quarter. Acadian Asset Management LLC raised its holdings in ACRES Commercial Realty by 1.2% in 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 in the last quarter. Gratia Capital LLC raised its holdings in ACRES Commercial Realty by 1.3% in 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 in the last quarter. O Shaughnessy Asset Management LLC raised 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ACRES Commercial Realty in the fourth quarter valued at $829,000. 40.03% of the stock is currently owned by hedge funds and other 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.