American Strategic Investment (NYSE:NYC) Major Shareholder Nicholas Schorsch Buys 1,500 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,500 shares of the business’s stock in a transaction dated Monday, June 15th. The shares were bought at an average price of $8.29 per share, for a total transaction of $12,435.00. Following the acquisition, the insider owned 1,072,120 shares of the company’s stock, valued at approximately $8,887,874.80. This represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 Stock Performance

NYC opened at $7.78 on Thursday. American Strategic Investment Co. has a 52-week low of $7.00 and a 52-week high of $16.30. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. The company has a market cap of $20.95 million, a P/E ratio of -0.92 and a beta of 0.23. The firm’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.63.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings data on Friday, May 15th. The company reported ($3.04) earnings per share (EPS) for the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%. The company had revenue of $7.35 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

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.