Eagle Point Credit Management LLC 4
Research Summary
AI-generated summary
ACRES (ACR) 10% Owner Eagle Point Credit Sells Shares
What Happened
- Eagle Point Credit Management LLC (a reported 10% owner) sold a total of 5,346 shares of ACRES Commercial Realty Corp. (ACR) in several open‑market transactions between Feb 2–4, 2026. The bulk sale was 5,200 shares at an average price of $22.11 ($114,972). Additional small lots included 44 shares @ $22.12 ($973), 97 shares @ $22.12 ($2,146), and 5 shares @ $25.10 ($126). Total proceeds were approximately $118,217. These were sales (not purchases), which are generally routine for institutional holders.
Key Details
- Transaction dates and reported prices:
- 2026-02-02: 5,200 shares sold @ $22.11 (weighted avg) — $114,972
- 2026-02-03: 44 shares sold @ $22.12 — $973; 5 shares sold @ $25.10 — $126
- 2026-02-04: 97 shares sold @ $22.12 — $2,146
- Total shares sold: 5,346; total proceeds: ≈ $118,217.
- Shares owned after transaction: not specified in the provided filing summary.
- Notable footnotes:
- Securities are held directly by private funds/accounts managed by Eagle Point Credit Management (EPCM); Eagle Point DIF GP I LLC serves as general partner to certain accounts (F1).
- EPCM and DIF GP may have an indirect pecuniary interest (F2).
- The reporting persons disclaim beneficial ownership under Rule 16a-1(a)(4) (F3).
- The $22.11 price reflects a weighted average for multiple trades (range $22.10–$22.13); one small lot was at $25.10 (F4).
- Filing timeliness: Report filed Feb 4, 2026 covering transactions Feb 2–4, 2026 — appears timely.
Context
- This filing reports institutional selling by a 10% owner (not an executive). Institutional sales can be for fund rebalancing or liquidity and do not necessarily indicate management sentiment. No options exercises, awards, or gifts were involved.