Los Angeles Capital Management LLC Invests $372,000 in Sunrise Realty Trust, Inc. (NASDAQ:SUNS)

Los Angeles Capital Management LLC acquired a new position in shares of Sunrise Realty Trust, Inc. (NASDAQ:SUNS) in the 3rd quarter, Holdings Channel reports. The fund acquired 25,818 shares of the company’s stock, valued at approximately $372,000.

Separately, Nisa Investment Advisors LLC purchased a new position in shares of Sunrise Realty Trust during the third quarter worth $28,000.

Sunrise Realty Trust Price Performance

Sunrise Realty Trust stock opened at $14.81 on Monday. The company has a 50 day moving average price of $14.52. Sunrise Realty Trust, Inc. has a 1-year low of $8.11 and a 1-year high of $15.74.

Analyst Ratings Changes

A number of research analysts have weighed in on SUNS shares. StockNews.com upgraded shares of Sunrise Realty Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, August 21st. Raymond James began coverage on shares of Sunrise Realty Trust in a research report on Thursday, October 3rd. They set an “outperform” rating and a $17.50 price target for the company.

Insider Activity

In other news, President Robyn Tannenbaum purchased 15,000 shares of the company’s stock in a transaction dated Wednesday, August 28th. The stock was acquired at an average price of $13.66 per share, with a total value of $204,900.00. Following the purchase, the president now directly owns 15,000 shares in the company, valued at approximately $204,900. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Leonard M. Tannenbaum acquired 10,000 shares of the stock in a transaction that occurred on Monday, August 26th. The shares were bought at an average cost of $13.35 per share, with a total value of $133,500.00. Following the transaction, the chairman now directly owns 376,763 shares in the company, valued at $5,029,786.05. This trade represents a 2.73 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 92,471 shares of company stock valued at $1,235,008 in the last 90 days. Company insiders own 5.70% of the company’s stock.

Sunrise Realty Trust Profile

Sunrise Realty Trust, Inc engages in commercial real estate (CRE) lending business. It focuses on originating CRE debt investments and providing capital to borrowers and sponsors with transitional business plans collateralized by CRE assets. The company intends to create a diversified investment portfolio, targeting investments in senior mortgage loans, mezzanine loans, whole loans, B-notes, CMBS, and debt-like preferred equity securities across CRE asset classes.