Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases 1,661 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,661 shares of the firm’s stock in a transaction on Monday, April 7th. The stock was bought at an average price of $10.95 per share, with a total value of $18,187.95. Following the completion of the acquisition, the insider now directly owns 984,168 shares in the company, valued at approximately $10,776,639.60. This represents a 0.17 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYSE NYC traded up $0.17 during midday trading on Monday, hitting $10.82. 6,981 shares of the company traded hands, compared to its average volume of 6,208. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $12.52. The firm has a market cap of $28.50 million, a P/E ratio of -0.13 and a beta of 0.08. The stock has a 50-day moving average price of $10.57 and a 200 day moving average price of $9.45.

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). The firm had revenue of $14.89 million for the quarter, compared to analysts’ expectations of $14.74 million. American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%.

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.