American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $11,717.27 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,321 shares of the company’s stock in a transaction on Wednesday, January 8th. The stock was bought at an average cost of $8.87 per share, for a total transaction of $11,717.27. Following the completion of the acquisition, the insider now directly owns 931,031 shares of the company’s stock, valued at approximately $8,258,244.97. This represents a 0.14 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

NYC stock traded down $0.15 during trading on Wednesday, hitting $8.84. 3,018 shares of the stock traded hands, compared to its average volume of 3,444. The stock has a market cap of $23.55 million, a price-to-earnings ratio of -0.10 and a beta of 0.12. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $10.91. The firm’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.92.

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.