Nicholas S. Schorsch Buys 1,367 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,367 shares of the firm’s stock in a transaction that occurred on Friday, January 17th. The shares were acquired at an average cost of $9.21 per share, for a total transaction of $12,590.07. Following the purchase, the insider now owns 939,187 shares of the company’s stock, valued at $8,649,912.27. This represents a 0.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 0.9 %

NYSE:NYC traded up $0.08 during midday trading on Friday, hitting $8.88. 3,353 shares of the company traded hands, compared to its average volume of 5,214. The firm’s fifty day moving average is $8.70 and its 200-day moving average is $8.91. The firm has a market capitalization of $23.66 million, a P/E ratio of -0.10 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.

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.