12,500 Shares in ACRES Commercial Realty Corp. (NYSE:ACR) Purchased by Biltmore Family Office LLC

Biltmore Family Office LLC bought a new stake in shares of ACRES Commercial Realty Corp. (NYSE:ACR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 12,500 shares of the company’s stock, valued at approximately $160,000. Biltmore Family Office LLC owned approximately 0.16% of ACRES Commercial Realty as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in ACR. Janney Montgomery Scott LLC purchased a new stake in shares of ACRES Commercial Realty in the 1st quarter worth approximately $172,000. Acadian Asset Management LLC grew its stake 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 worth $1,480,000 after acquiring an additional 16,986 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in shares of ACRES Commercial Realty in the first quarter worth $580,000. Nokomis Capital L.L.C. bought a new position in shares of ACRES Commercial Realty during the first quarter valued at $3,729,000. Finally, Ritholtz Wealth Management raised its position in shares of ACRES Commercial Realty by 17.0% in the 2nd quarter. Ritholtz Wealth Management now owns 20,944 shares of the company’s stock worth $267,000 after purchasing an additional 3,043 shares during the last quarter. 40.03% of the stock is currently owned by hedge funds and other institutional investors.

ACRES Commercial Realty Stock Performance

Shares of ACRES Commercial Realty stock opened at $15.26 on Wednesday. The stock has a market cap of $121.45 million, a price-to-earnings ratio of 21.80 and a beta of 2.05. The company has a debt-to-equity ratio of 3.56, a current ratio of 100.49 and a quick ratio of 100.49. ACRES Commercial Realty Corp. has a 1 year low of $6.62 and a 1 year high of $16.13. The firm’s 50-day moving average is $14.79 and its 200 day moving average is $13.57.

Insider Transactions at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management sold 5,128 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $24.57, for a total transaction of $125,994.96. Following the completion of the sale, the insider now owns 597,926 shares of the company’s stock, valued at $14,691,041.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last 90 days, insiders have sold 77,326 shares of company stock worth $1,923,249. Corporate insiders own 4.07% 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.