Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $16,650.72 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,488 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were purchased at an average price of $11.19 per share, for a total transaction of $16,650.72. Following the transaction, the insider now directly owns 965,119 shares of the company’s stock, valued at approximately $10,799,681.61. This represents a 0.15 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 6.2 %

NYSE:NYC opened at $12.00 on Friday. The company has a market capitalization of $31.97 million, a PE ratio of -0.14 and a beta of 0.15. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $12.52. The stock’s 50 day moving average price is $9.29 and its 200 day moving average price is $9.02.

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.