Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $12,836.85 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,131 shares of the firm’s stock in a transaction dated Friday, March 28th. The shares were bought at an average price of $11.35 per share, with a total value of $12,836.85. Following the purchase, the insider now owns 975,492 shares in the company, valued at $11,071,834.20. This represents a 0.12 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Stock Performance

NYC opened at $11.63 on Monday. The firm has a market cap of $30.62 million, a P/E ratio of -0.14 and a beta of 0.13. The business has a 50 day moving average price of $10.31 and a 200 day moving average price of $9.36. American Strategic Investment Co. has a twelve month low of $5.46 and a twelve month 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 firm had revenue of $14.89 million during the quarter, compared to analyst estimates 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.