Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires 1,112 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,112 shares of the stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average cost of $9.02 per share, with a total value of $10,030.24. Following the purchase, the insider now owns 922,732 shares in the company, valued at $8,323,042.64. This represents a 0.12 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 1.5 %

Shares of NYC stock traded up $0.13 during trading hours on Monday, reaching $9.00. 9,937 shares of the company’s stock were exchanged, compared to its average volume of 5,025. American Strategic Investment Co. has a fifty-two week low of $5.46 and a fifty-two week high of $10.91. The business has a fifty day moving average price of $8.70 and a 200-day moving average price of $8.94. The stock has a market capitalization of $23.98 million, a P/E ratio of -0.11 and a beta of 0.13.

About American Strategic Investment

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.