Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases 1,467 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,467 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were bought at an average cost of $9.41 per share, for a total transaction of $13,804.47. Following the completion of the transaction, the insider now directly owns 947,442 shares of the company’s stock, valued at $8,915,429.22. This represents a 0.16 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 5.4 %

Shares of NYSE:NYC traded up $0.49 during trading on Monday, reaching $9.64. 5,877 shares of the company traded hands, compared to its average volume of 5,199. The firm has a fifty day simple moving average of $8.75 and a 200 day simple moving average of $8.85. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $10.91. The firm has a market cap of $25.64 million, a P/E ratio of -0.11 and a beta of 0.12.

American Strategic Investment (NYSE:NYC) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($2.62). 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 $15.45 million during the quarter, compared to analysts’ expectations of $15.71 million. During the same quarter last year, the firm earned ($0.48) earnings per share.

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.