American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Purchases 1,742 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,742 shares of the firm’s stock in a transaction on Friday, March 21st. The shares were purchased at an average cost of $10.13 per share, for a total transaction of $17,646.46. Following the completion of the purchase, the insider now directly owns 969,837 shares in the company, valued at $9,824,448.81. The trade was a 0.18 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 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 Price Performance

NYSE:NYC opened at $10.55 on Thursday. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $12.52. The firm has a 50 day simple moving average of $10.23 and a 200-day simple moving average of $9.32. The firm has a market cap of $28.11 million, a PE ratio of -0.12 and a beta of 0.13.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing the consensus estimate 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.

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.