American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $12,158.25 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,131 shares of the company’s stock in a transaction that occurred on Wednesday, March 26th. The shares were bought at an average price of $10.75 per share, for a total transaction of $12,158.25. Following the acquisition, the insider now directly owns 973,230 shares of the company’s stock, valued at $10,462,222.50. This represents a 0.12 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 10.3 %

NYSE:NYC opened at $11.63 on Monday. The stock has a market capitalization of $30.62 million, a PE ratio of -0.14 and a beta of 0.13. The firm has a fifty day simple moving average of $10.31 and a 200 day simple moving average of $9.36. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $12.52.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $14.89 million for the quarter, compared to analyst estimates 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.