Eagle Point Credit Management LLC and Eagle Point DIF GP I LLC, ten percent owners, sold 404 shares of ACRES Commercial Realty Corp. (NASDAQ:ACR) 7.875% Series D Preferred Stock at $22.5 per share, totaling $9,090.
After the sale, they indirectly hold 737,524 shares of Series D Preferred, 1,177,060 shares of Common Stock, and 349,907 shares of 8.625% Series C Preferred.
ACR trades at $19.63, market cap $128.82M. According to Bond.az analysis, P/E ratio is 27.88 and PEG ratio is 0.25.
The shares are held by private investment funds managed by Eagle Point.
