Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $17,646.46 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,742 shares of American Strategic Investment stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average price of $10.13 per share, with a total value of $17,646.46. Following the completion of the purchase, the insider now directly owns 969,837 shares in the company, valued at $9,824,448.81. This represents a 0.18 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Major 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 Price Performance

American Strategic Investment stock opened at $11.63 on Friday. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $12.52. The firm has a market capitalization of $30.97 million, a P/E ratio of -0.14 and a beta of 0.13. The business has a fifty day moving average price of $10.31 and a 200-day moving average price of $9.35.

American Strategic Investment (NYSE:NYC) last posted its earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The company had revenue of $14.89 million for the quarter, compared to analysts’ expectations of $14.74 million.

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.