Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $19,898.78 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,661 shares of the business’s stock in a transaction dated Friday, April 11th. The stock was purchased at an average price of $11.98 per share, with a total value of $19,898.78. Following the completion of the acquisition, the insider now directly owns 990,812 shares in the company, valued at approximately $11,869,927.76. This represents a 0.17 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

NYSE:NYC opened at $11.70 on Friday. The company has a market capitalization of $30.82 million, a price-to-earnings ratio of -0.14 and a beta of 0.08. The business has a 50 day moving average of $10.88 and a 200 day moving average of $9.64. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $13.59.

American Strategic Investment (NYSE:NYC) last announced 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 during the quarter, compared to the consensus estimate 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.