Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires 1,467 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,467 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average cost of $10.07 per share, for a total transaction of $14,772.69. Following the completion of the transaction, the insider now directly owns 950,376 shares of the company’s stock, valued at approximately $9,570,286.32. The trade was a 0.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 2.1 %

Shares of NYSE NYC traded down $0.21 during trading on Thursday, hitting $9.80. 4,504 shares of the company traded hands, compared to its average volume of 5,453. The firm has a market capitalization of $26.09 million, a P/E ratio of -0.11 and a beta of 0.12. The company has a 50-day moving average price of $8.82 and a 200-day moving average price of $8.86. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $10.91.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, hitting the consensus estimate of ($2.62). The company had revenue of $15.45 million during the quarter, compared to analyst estimates of $15.71 million. American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. During the same period in the prior year, the firm posted ($0.48) earnings per share.

American Strategic Investment Company Profile

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