Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases 1,403 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,403 shares of the business’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average cost of $11.37 per share, with a total value of $15,952.11. Following the purchase, the insider now directly owns 982,507 shares in the company, valued at approximately $11,171,104.59. The trade was a 0.14 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

NYSE:NYC traded up $0.17 during mid-day trading on Monday, hitting $10.82. 6,981 shares of the company’s stock traded hands, compared to its average volume of 6,208. The company has a market cap of $28.50 million, a PE ratio of -0.13 and a beta of 0.08. The firm’s 50 day simple moving average is $10.57 and its 200 day simple moving average is $9.45. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $12.52.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. The business had revenue of $14.89 million for the quarter, compared to analysts’ expectations of $14.74 million.

About American Strategic Investment

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.