ACRES Commercial Realty Corp. (NYSE:ACR) Major Shareholder Eagle Point Credit Management Sells 2,394 Shares

ACRES Commercial Realty Corp. (NYSE:ACR - Get Free Report) major shareholder Eagle Point Credit Management sold 2,394 shares of the firm's stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $24.91, for a total value of $59,634.54. Following the sale, the insider now directly owns 496,897 shares of the company's stock, valued at approximately $12,377,704.27. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Eagle Point Credit Management also recently made the following trade(s):

• On Wednesday, October 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.89, for a total value of $2,489.00.
• On Friday, October 18th, Eagle Point Credit Management sold 10,601 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.38, for a total value of $247,851.38.
• On Wednesday, October 16th, Eagle Point Credit Management sold 6,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $23.96, for a total value of $151,163.64.
• On Monday, October 14th, Eagle Point Credit Management sold 4,200 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total value of $104,412.00.
• On Friday, October 11th, Eagle Point Credit Management sold 4,630 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total value of $115,055.50.
• On Wednesday, October 9th, Eagle Point Credit Management sold 113 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.80, for a total value of $2,802.40.
• On Wednesday, September 25th, Eagle Point Credit Management sold 4 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total value of $100.88.
• On Monday, September 23rd, Eagle Point Credit Management sold 5,159 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $25.22, for a total value of $130,109.98.
• On Friday, September 20th, Eagle Point Credit Management sold 17,075 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.13, for a total value of $412,019.75.
• 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 value of $661,950.64.

ACRES Commercial Realty Stock Up 0.6 %

Shares of NYSE:ACR traded up $0.09 during midday trading on Friday, hitting $15.39. 18,245 shares of the stock were exchanged, compared to its average volume of 17,109. ACRES Commercial Realty Corp. has a 52-week low of $7.31 and a 52-week high of $16.13. The business's fifty day simple moving average is $15.50 and its two-hundred day simple moving average is $14.35. The company has a debt-to-equity ratio of 3.56, a quick ratio of 100.49 and a current ratio of 100.49. The company has a market capitalization of $121.12 million, a PE ratio of 18.32 and a beta of 2.05.

Hedge Funds Weigh In On ACRES Commercial Realty

Several institutional investors have recently bought and sold shares of ACR. Nokomis Capital L.L.C. bought a new position in ACRES Commercial Realty during the first quarter valued at about $3,729,000. O Shaughnessy Asset Management LLC bought a new position in ACRES Commercial Realty during the first quarter valued at about $580,000. Acadian Asset Management LLC raised its holdings in ACRES Commercial Realty by 19.2% during the first quarter. Acadian Asset Management LLC now owns 105,420 shares of the company's stock valued at $1,480,000 after buying an additional 16,986 shares in the last quarter. Biltmore Family Office LLC bought a new position in ACRES Commercial Realty during the second quarter valued at about $160,000. Finally, Janney Montgomery Scott LLC bought a new position in ACRES Commercial Realty during the first quarter valued at about $172,000. 40.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JMP Securities increased their price objective on ACRES Commercial Realty from $16.50 to $17.50 and gave the stock a "market outperform" rating in a report on Wednesday, September 25th.

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.