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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,661 shares of the firm’s stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of $11.65 per share, with a total value of $19,350.65. Following the transaction, the insider now directly owns 987,490 shares in the company, valued at $11,504,258.50. This trade represents a 0.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 1.1 %

NYSE NYC opened at $11.58 on Friday. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $12.52. The stock’s 50-day moving average price is $10.73 and its two-hundred day moving average price is $9.53. The company has a market cap of $30.49 million, a PE ratio of -0.14 and a beta of 0.08.

American Strategic Investment (NYSE:NYC) last released its quarterly 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 firm had revenue of $14.89 million for 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.