Eagle Point Credit Management LLC 4
Research Summary
AI-generated summary
ACRES (ACR) 10% Owner Eagle Point Sells 2,954 Shares
What Happened
Eagle Point Credit Management LLC (reported as a 10% owner) sold 2,954 shares of ACRES Commercial Realty Corp. (ACR) in open-market transactions on March 16, 2026. The weighted-average sale price was $22.07 per share, for total proceeds of approximately $65,195. This filing reports a routine institutional sale (transaction code S).
Key Details
- Transaction date: 2026-03-16; Form 4 filed: 2026-03-18 (appears to be timely; Form 4s are generally due within two business days).
- Price: weighted average $22.07/share; individual trades ranged $22.05–$22.10 (footnote says multiple transactions; breakdown available on request).
- Shares sold: 2,954; proceeds ≈ $65,195.
- Shares owned after transaction: not reported in the provided filing details.
- Footnote highlights: securities are held by private funds/accounts managed by Eagle Point (EPCM); Eagle Point DIF GP I LLC serves as general partner to some accounts. EPCM and DIF GP may have an indirect pecuniary interest and disclaim direct beneficial ownership for Section 16 purposes.
Context
This transaction was executed by an institutional investment manager on behalf of managed funds/accounts, not an individual company executive. Such sales frequently reflect portfolio management rather than a personal view of the stock; the filing itself does not state a motive.