Nicholas Schorsch Acquires 1,365 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,365 shares of American Strategic Investment stock in a transaction on Friday, January 23rd. The stock was acquired at an average cost of $10.38 per share, for a total transaction of $14,168.70. Following the acquisition, the insider directly owned 1,067,292 shares of the company’s stock, valued at approximately $11,078,490.96. This represents a 0.13% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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

Shares of NYC traded down $0.62 during mid-day trading on Friday, reaching $9.98. 3,941 shares of the company’s stock were exchanged, compared to its average volume of 5,896. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.39. American Strategic Investment Co. has a 52-week low of $7.03 and a 52-week high of $16.30. The company has a market cap of $26.63 million, a price-to-earnings ratio of -1.14 and a beta of 0.19. The company has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $10.10.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share for the quarter, missing the consensus estimate of ($1.76) by ($1.47). American Strategic Investment had a negative return on equity of 97.07% and a negative net margin of 40.92%.The company had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $14.26 million.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

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.