Informed Momentum Co LLC Purchases Shares of 32,171 ACRES Commercial Realty Corp. (NYSE:ACR)

Key Points

• Informed Momentum Co LLC has made a new investment of $697,000 in ACRES Commercial Realty Corp, acquiring 32,171 shares, which represents 0.44% of the company.
• Other institutional investors, including Jane Street Group LLC and Northern Trust Corp, have also adjusted their positions, indicating growing interest in ACRES Commercial Realty.
• ACRES Commercial Realty has a current market cap of $146.93 million and is experiencing a stock price with a twelve month low of $14.87 and a high of $23.81.

Informed Momentum Co LLC acquired a new position in ACRES Commercial Realty Corp. (NYSE:ACR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 32,171 shares of the company's stock, valued at approximately $697,000. Informed Momentum Co LLC owned about 0.44% of ACRES Commercial Realty at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ACR. 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 acquiring an additional 1,314 shares during the period. Biltmore Family Office LLC increased its position in ACRES Commercial Realty by 6.6% during the first quarter. Biltmore Family Office LLC now owns 23,552 shares of the company's stock worth $510,000 after acquiring an additional 1,448 shares during the period. 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 acquiring an additional 2,889 shares during the period. Ritholtz Wealth Management increased its position in ACRES Commercial Realty by 16.8% during the first quarter. Ritholtz Wealth Management now owns 30,271 shares of the company's stock worth $656,000 after acquiring an additional 4,360 shares during the period. Finally, Northern Trust Corp increased 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 worth $641,000 after acquiring an additional 9,738 shares during the period. 40.03% of the stock is currently owned by institutional investors and hedge funds.

ACRES Commercial Realty Stock Performance

ACR stock traded up $0.09 on Friday, reaching $19.90. 32,818 shares of the company were exchanged, compared to its average volume of 25,715. ACRES Commercial Realty Corp. has a 12 month low of $14.87 and a 12 month high of $23.81. The stock's fifty day moving average price is $18.38 and its 200 day moving average price is $19.02. The firm has a market capitalization of $147.78 million, a PE ratio of -994.50 and a beta of 1.78. The company has a debt-to-equity ratio of 3.01, a current ratio of 69.53 and a quick ratio of 69.53.

Insider Transactions at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 15,084 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $22.30, for a total transaction of $336,373.20. Following the transaction, the insider owned 819,809 shares of the company's stock, valued at approximately $18,281,740.70. The trade was a 1.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 54,551 shares of company stock worth $1,217,229 over the last 90 days. Insiders own 3.92% of the company's stock.

ACRES Commercial Realty 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.