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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,403 shares of American Strategic Investment stock in a transaction dated Monday, March 31st. The stock was bought at an average price of $12.16 per share, with a total value of $17,060.48. Following the completion of the transaction, the insider now owns 976,895 shares of the company’s stock, valued at $11,879,043.20. This represents a 0.14 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Stock Up 3.2 %

Shares of NYSE NYC opened at $11.74 on Thursday. The company has a market cap of $30.92 million, a P/E ratio of -0.14 and a beta of 0.13. American Strategic Investment Co. has a 52 week low of $5.46 and a 52 week high of $12.52. The business has a 50-day simple moving average of $10.47 and a two-hundred day simple moving average of $9.41.

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

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.