Ares Commercial Real Estate Corp. (NYSE:ACRE) is Attracting Smart Money

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC),...
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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Ares Commercial Real Estate Corp. (NYSE:ACRE) reported that Ressler Antony P. has picked up 2,337,520 of common stock as of 2017-02-03.

The acquisition brings the aggregate amount owned by Ressler Antony P. to a total of 2,337,520 representing a 8.2% stake in the company.

For those not familiar with the company, Ares Commercial Real Estate Corporation is a specialty finance company. The Company is focused on directly originating, managing and servicing a portfolio of commercial real estate (CRE) debt-related investments for its own account. It operates in two segments: principal lending and mortgage banking. Its target investments include senior loans, bridge loans, subordinated debt, preferred equity and other CRE investments. The Company is also engaged in the mortgage banking business through its subsidiary, ACRE Capital LLC (ACRE Capital). Its Principal Lending Business includes all business activities of the Company, which represents investments in real estate related loans and securities that are held for investment.

A glance at Ares Commercial Real Estate Corp. (NYSE:ACRE)’s key stats reveals a current market capitalization of 382.80 million based on 28.48 million shares outstanding and a price at last close of $13.47 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2016-09-14, Rosen picked up 5,989 at a purchase price of $12.33. This brings their total holding to 56,002 as of the date of the filing.

On the sell side, the most recent transaction saw Blakely unload 3,200 shares at a sale price of $12.75. This brings their total holding to 11,869.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Ares Commercial Real Estate Corp. (NYSE:ACRE) as things move forward to see if its progress aligns with these transactions.

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