Insider Selling: ACRES Commercial Realty (NYSE:ACR) Major Shareholder Sells $95,732.21 in Stock

ACRES Commercial Realty Corp. (NYSE:ACR) major shareholder Eagle Point Credit Management sold 4,291 shares of the firm’s stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $22.31, for a total value of $95,732.21. Following the completion of the sale, the insider directly owned 799,009 shares of the company’s stock, valued at $17,825,890.79. The trade was a 0.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own 10% or more 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 Tuesday, August 19th, Eagle Point Credit Management sold 1,674 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $37,330.20.
• On Thursday, July 31st, Eagle Point Credit Management sold 13,008 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $290,078.40.
• On Wednesday, July 30th, Eagle Point Credit Management sold 1,727 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total value of $38,339.40.
• On Wednesday, July 23rd, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.32, for a total value of $2,232.00.
• On Tuesday, July 22nd, Eagle Point Credit Management sold 15,084 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.30, for a total value of $336,373.20.
• On Wednesday, July 16th, Eagle Point Credit Management sold 199 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.18, for a total value of $4,413.82.
• On Thursday, July 10th, Eagle Point Credit Management sold 6,160 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.21, for a total value of $136,813.60.
• On Tuesday, July 8th, Eagle Point Credit Management sold 1,676 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total value of $37,207.20.
• On Monday, July 7th, Eagle Point Credit Management sold 273 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.20, for a total value of $6,060.60.
• On Monday, June 30th, Eagle Point Credit Management sold 56 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $22.52, for a total value of $1,261.12.

ACRES Commercial Realty Stock Performance

Shares of ACR stock opened at $21.0450 on Friday. The firm has a market capitalization of $156.36 million, a price-to-earnings ratio of -1,051.72 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. The business has a fifty day moving average of $18.62 and a 200 day moving average of $19.11. ACRES Commercial Realty Corp. has a 1 year low of $14.87 and a 1 year high of $23.81.

Hedge Funds Weigh In On ACRES Commercial Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new position in ACRES Commercial Realty in the 2nd quarter worth $52,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of ACRES Commercial Realty during the 2nd quarter valued at about $60,000. Bank of America Corp DE increased its stake in shares of ACRES Commercial Realty by 110.4% in the 2nd quarter. Bank of America Corp DE now owns 3,671 shares of the company’s stock valued at $66,000 after purchasing an additional 1,926 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in shares of ACRES Commercial Realty in the 2nd quarter valued at about $93,000. Finally, New York State Common Retirement Fund purchased a new position in shares of ACRES Commercial Realty in the 2nd quarter valued at about $106,000. Hedge funds and other institutional investors own 40.03% of the company’s stock.

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.