Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires 1,488 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,488 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was acquired at an average price of $11.00 per share, for a total transaction of $16,368.00. Following the purchase, the insider now owns 962,143 shares in the company, valued at approximately $10,583,573. The trade was a 0.15 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC opened at $12.00 on Friday. The firm has a market cap of $31.92 million, a price-to-earnings 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 business’s fifty day moving average is $9.29 and its 200-day moving average is $9.02.

American Strategic Investment (NYSE:NYC) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) earnings per share for the quarter, hitting analysts’ consensus estimates of ($2.62). The business had revenue of $15.45 million for the quarter, compared to analyst estimates of $15.71 million. American Strategic Investment had a negative return on equity of 17.68% and a negative net margin of 334.85%. During the same quarter in the previous year, the company posted ($0.48) EPS.

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.