Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys 1,131 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,131 shares of the stock in a transaction on Monday, March 24th. The stock was purchased at an average price of $10.77 per share, for a total transaction of $12,180.87. Following the purchase, the insider now directly owns 970,968 shares of the company’s stock, valued at approximately $10,457,325.36. This represents a 0.12 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

Shares of American Strategic Investment stock traded down $0.02 during trading on Tuesday, hitting $10.73. 2,858 shares of the stock traded hands, compared to its average volume of 5,948. The stock has a market cap of $28.58 million, a P/E ratio of -0.13 and a beta of 0.13. The company has a fifty day moving average price of $10.19 and a two-hundred day moving average price of $9.31. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month high of $12.52.

American Strategic Investment (NYSE:NYC) last posted its earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) 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 business had revenue of $14.89 million during the quarter, compared to analyst estimates of $14.74 million.

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.