ACRES Commercial Realty Corp. (NYSE:ACR) Short Interest Update

ACRES Commercial Realty Corp. (NYSE:ACR) was the target of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 15,000 shares, an increase of 16.3% from the August 15th total of 12,900 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average trading volume of 10,500 shares, the short-interest ratio is currently 1.4 days.

ACRES Commercial Realty Stock Performance

Shares of ACR traded down $0.09 on Tuesday, reaching $8.20. 3,630 shares of the stock traded hands, compared to its average volume of 12,282. ACRES Commercial Realty has a 12 month low of $7.23 and a 12 month high of $10.72. The company has a debt-to-equity ratio of 3.94, a current ratio of 87.75 and a quick ratio of 87.75. The stock’s 50-day moving average price is $8.66 and its 200-day moving average price is $8.77. The firm has a market cap of $69.62 million, a price-to-earnings ratio of -8.45 and a beta of 1.81.

Insider Transactions at ACRES Commercial Realty

In related news, major shareholder Eagle Point Credit Management purchased 1,410 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were bought at an average cost of $19.50 per share, for a total transaction of $27,495.00. Following the transaction, the insider now directly owns 1,013,590 shares of the company’s stock, valued at approximately $19,765,005. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have purchased 15,126 shares of company stock worth $327,022. Insiders own 2.96% of the company’s stock.

Hedge Funds Weigh In On ACRES Commercial Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in ACR. O Shaughnessy Asset Management LLC increased its position in shares of ACRES Commercial Realty by 12.8% during the 2nd quarter. O Shaughnessy Asset Management LLC now owns 12,056 shares of the company’s stock worth $107,000 after purchasing an additional 1,371 shares in the last quarter. Acadian Asset Management LLC grew its position in ACRES Commercial Realty by 2.1% during the 2nd quarter. Acadian Asset Management LLC now owns 88,434 shares of the company’s stock worth $781,000 after acquiring an additional 1,777 shares during the last quarter. Punch & Associates Investment Management Inc. raised its position in ACRES Commercial Realty by 0.3% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 759,743 shares of the company’s stock valued at $7,385,000 after purchasing an additional 2,000 shares during the last quarter. First Republic Investment Management Inc. acquired a new position in ACRES Commercial Realty in the first quarter worth $130,000. Finally, Lindbrook Capital LLC grew its holdings in shares of ACRES Commercial Realty by 5.8% during the first quarter. Lindbrook Capital LLC now owns 92,664 shares of the company’s stock worth $901,000 after purchasing an additional 5,047 shares during the last quarter. 21.75% of the stock is owned by institutional investors.

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 other commercial real estate-related debt investments in the United States. It invests in commercial real estate-related assets, including floating and fixed rate first mortgage loans, first priority interests in first mortgage loans, subordinated interests in first mortgage loans, mezzanine debt, preferred equity investments, commercial mortgage-backed securities, and commercial real estate equity and preferred equity investments.