Insider Selling: ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Sells 17,075 Shares of Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 17,075 shares of the business’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $24.13, for a total transaction of $412,019.75. Following the sale, the insider now owns 529,516 shares in the company, valued at $12,777,221.08. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more 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 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $25.22, for a total transaction of $130,109.98.
• On Wednesday, September 18th, Eagle Point Credit Management sold 27,196 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.34, for a total transaction of $661,950.64.
• On Friday, September 13th, Eagle Point Credit Management sold 1,503 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.59, for a total transaction of $35,455.77.
• On Wednesday, September 11th, Eagle Point Credit Management sold 3,576 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total value of $89,328.48.
• On Monday, September 9th, Eagle Point Credit Management sold 699 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total value of $17,461.02.
• On Thursday, September 5th, Eagle Point Credit Management sold 725 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.99, for a total value of $18,117.75.
• On Tuesday, September 3rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.98, for a total transaction of $2,498.00.
• On Friday, August 30th, Eagle Point Credit Management sold 2,714 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.94, for a total transaction of $67,687.16.
• On Wednesday, August 28th, Eagle Point Credit Management sold 1,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.92, for a total transaction of $29,904.00.
• On Monday, August 26th, Eagle Point Credit Management sold 2,100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.91, for a total transaction of $52,311.00.

ACRES Commercial Realty Trading Down 0.8 %

ACRES Commercial Realty stock opened at $15.61 on Friday. The stock has a 50-day moving average price of $15.27 and a 200 day moving average price of $13.93. ACRES Commercial Realty Corp. has a 52 week low of $6.62 and a 52 week high of $16.13. The stock has a market cap of $122.85 million, a PE ratio of 22.30 and a beta of 2.05. The company has a current ratio of 100.49, a quick ratio of 100.49 and a debt-to-equity ratio of 3.56.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their target price on ACRES Commercial Realty from $16.50 to $17.50 and gave the company a “market outperform” rating in a report on Wednesday.

Institutional Investors Weigh In On ACRES Commercial Realty

Hedge funds have recently modified their holdings of the company. Biltmore Family Office LLC purchased a new position in shares of ACRES Commercial Realty during the second quarter valued at approximately $160,000. Ritholtz Wealth Management raised its holdings in ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after acquiring an additional 3,043 shares during the last quarter. Nokomis Capital L.L.C. purchased a new position in shares of ACRES Commercial Realty during the 1st quarter worth $3,729,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of ACRES Commercial Realty during the first quarter worth $580,000. Finally, Acadian Asset Management LLC grew its position in shares of ACRES Commercial Realty by 19.2% in the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company’s stock valued at $1,480,000 after purchasing an additional 16,986 shares during the period. 40.03% of the stock is owned by institutional investors and hedge funds.

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.