ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 811 shares of the business's stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $24.90, for a total value of $20,193.90. Following the transaction, the insider now directly owns 423,553 shares in the company, valued at approximately $10,546,469.70. This trade represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Eagle Point Credit Management also recently made the following trade(s):
- On Wednesday, January 22nd, Eagle Point Credit Management sold 7,335 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $22.40, for a total value of $164,304.00.
- On Monday, December 30th, Eagle Point Credit Management sold 200 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $5,040.00.
- On Thursday, December 26th, Eagle Point Credit Management sold 420 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total transaction of $10,584.00.
- On Monday, December 23rd, Eagle Point Credit Management sold 2,388 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total value of $60,177.60.
- On Friday, December 20th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.20, for a total value of $2,520.00.
- On Wednesday, December 18th, Eagle Point Credit Management sold 6,816 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.77, for a total transaction of $168,832.32.
- On Monday, December 16th, Eagle Point Credit Management sold 4,186 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.13, for a total transaction of $105,194.18.
- On Friday, December 13th, Eagle Point Credit Management sold 130 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.06, for a total value of $2,997.80.
- On Wednesday, December 11th, Eagle Point Credit Management sold 3,650 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.59, for a total value of $89,753.50.
- On Monday, December 9th, Eagle Point Credit Management sold 1,241 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.18, for a total transaction of $31,248.38.
ACRES Commercial Realty Price Performance
NYSE ACR traded up $0.12 on Thursday, hitting $18.33. 62,434 shares of the company's stock were exchanged, compared to its average volume of 19,643. ACRES Commercial Realty Corp. has a 52 week low of $9.47 and a 52 week high of $18.70. The stock has a 50-day moving average of $17.14 and a 200-day moving average of $16.12. The company has a current ratio of 73.84, a quick ratio of 73.84 and a debt-to-equity ratio of 3.33. The stock has a market cap of $141.84 million, a price-to-earnings ratio of 21.82 and a beta of 2.07.
Institutional Investors Weigh In On ACRES Commercial Realty
Hedge funds have recently made changes to their positions in the stock. Barclays PLC increased its position in ACRES Commercial Realty by 147.1% during the 3rd quarter. Barclays PLC now owns 3,499 shares of the company's stock worth $55,000 after purchasing an additional 2,083 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of ACRES Commercial Realty by 23.0% in the third quarter. Ritholtz Wealth Management now owns 25,769 shares of the company's stock valued at $404,000 after buying an additional 4,825 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new position in ACRES Commercial Realty in the 3rd quarter valued at approximately $177,000. Biltmore Family Office LLC boosted its position in ACRES Commercial Realty by 24.8% during the 3rd quarter. Biltmore Family Office LLC now owns 15,600 shares of the company's stock worth $244,000 after buying an additional 3,100 shares during the period. Finally, Raymond James Financial Inc. bought a new stake in ACRES Commercial Realty during the 4th quarter worth approximately $829,000. 40.03% of the stock is currently owned by institutional investors and hedge funds.
ACRES Commercial Realty Company Profile
(
Get Free Report)
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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