Eagle Point Credit Management Sells 1,200 Shares of ACRES Commercial Realty Corp. (NYSE:ACR) Stock

Posted by Jim Brewer on Aug 31st, 2024

ACRES Commercial Realty Corp. (NYSE:ACR – Get Free Report) major shareholder Eagle Point Credit Management sold 1,200 shares of the company’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $24.92, for a total transaction of $29,904.00. Following the sale, the insider now directly owns 592,124 shares of the company’s stock, valued at approximately $14,755,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major 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 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.
On Friday, August 23rd, Eagle Point Credit Management sold 5,128 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.57, for a total transaction of $125,994.96.
On Wednesday, August 21st, Eagle Point Credit Management sold 1,390 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total transaction of $34,569.30.
On Monday, August 19th, Eagle Point Credit Management sold 3,119 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total transaction of $77,569.53.
On Thursday, August 15th, Eagle Point Credit Management sold 4,706 shares of ACRES Commercial Realty stock. The stock was sold at an average price of $24.87, for a total transaction of $117,038.22.
On Tuesday, August 13th, Eagle Point Credit Management sold 1,309 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total transaction of $32,528.65.
On Friday, August 9th, Eagle Point Credit Management sold 100 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.85, for a total transaction of $2,485.00.
On Wednesday, August 7th, Eagle Point Credit Management sold 4,664 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.71, for a total transaction of $115,247.44.
On Friday, August 2nd, Eagle Point Credit Management sold 2,635 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.88, for a total transaction of $65,558.80.
On Wednesday, July 31st, Eagle Point Credit Management sold 15,096 shares of ACRES Commercial Realty stock. The shares were sold at an average price of $24.86, for a total transaction of $375,286.56.

ACRES Commercial Realty Trading Down 2.0 %

Shares of ACR stock opened at $15.44 on Friday. The company’s 50-day moving average price is $14.44 and its 200-day moving average price is $13.27. The company has a current ratio of 100.49, a quick ratio of 100.49 and a debt-to-equity ratio of 3.56. The stock has a market cap of $122.89 million, a price-to-earnings ratio of 22.06 and a beta of 2.04. ACRES Commercial Realty Corp. has a twelve month low of $6.62 and a twelve month high of $16.13.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. O Shaughnessy Asset Management LLC acquired a new position in ACRES Commercial Realty in the first quarter valued at about $580,000. Janney Montgomery Scott LLC acquired a new position in ACRES Commercial Realty in the first quarter valued at about $172,000. Acadian Asset Management LLC lifted its position in 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 buying an additional 16,986 shares during the last quarter. Biltmore Family Office LLC acquired a new position in ACRES Commercial Realty in the second quarter valued at about $160,000. Finally, Ritholtz Wealth Management lifted its position in ACRES Commercial Realty by 17.0% in the second quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock valued at $267,000 after buying an additional 3,043 shares during the last quarter. Institutional investors and hedge funds own 40.03% of the company’s stock.

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.