Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys 1,740 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,740 shares of the company’s stock in a transaction on Monday, April 14th. The shares were acquired at an average price of $12.24 per share, for a total transaction of $21,297.60. Following the transaction, the insider now directly owns 992,552 shares in the company, valued at $12,148,836.48. This trade represents a 0.18 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 3.1 %

Shares of American Strategic Investment stock traded up $0.38 during trading on Tuesday, reaching $12.51. The company’s stock had a trading volume of 27,061 shares, compared to its average volume of 6,358. The business has a 50 day moving average price of $10.83 and a 200-day moving average price of $9.59. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $13.67. The company has a market capitalization of $32.94 million, a P/E ratio of -0.15 and a beta of 0.08.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Wednesday, March 19th. The company reported ($2.60) EPS for the quarter, missing the consensus estimate of ($2.06) by ($0.54). The company had revenue of $14.89 million for 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.