Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $15,952.11 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,403 shares of the business’s stock in a transaction on Friday, April 4th. The shares were purchased at an average price of $11.37 per share, for a total transaction of $15,952.11. Following the transaction, the insider now directly owns 982,507 shares of the company’s stock, valued at approximately $11,171,104.59. The trade was a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 0.2 %

NYC stock opened at $11.49 on Thursday. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month high of $12.52. The stock has a market capitalization of $30.26 million, a price-to-earnings ratio of -0.13 and a beta of 0.08. The firm’s fifty day simple moving average is $10.70 and its two-hundred day simple moving average is $9.51.

American Strategic Investment (NYSE:NYC) last posted its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). The company had revenue of $14.89 million during the quarter, compared to the consensus estimate 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.