Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases 1,467 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,467 shares of American Strategic Investment stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $9.41 per share, with a total value of $13,804.47. Following the completion of the transaction, the insider now directly owns 947,442 shares of the company’s stock, valued at approximately $8,915,429.22. The trade was a 0.16 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Up 3.8 %

Shares of American Strategic Investment stock opened at $10.01 on Wednesday. The stock has a market cap of $26.63 million, a P/E ratio of -0.12 and a beta of 0.12. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $10.91. The business’s 50 day moving average is $8.77 and its 200-day moving average is $8.85.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($2.62) EPS for the quarter, meeting analysts’ consensus estimates of ($2.62). The firm had revenue of $15.45 million during the quarter, compared to analysts’ expectations of $15.71 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. During the same quarter last year, the company posted ($0.48) earnings per share.

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.