Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Purchases $11,775.00 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,500 shares of the business’s stock in a transaction on Monday, June 22nd. The stock was bought at an average price of $7.85 per share, for a total transaction of $11,775.00. Following the transaction, the insider directly owned 1,073,620 shares of the company’s stock, valued at approximately $8,427,917. This represents a 0.14% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of NYSE NYC traded down $0.04 during midday trading on Wednesday, reaching $8.24. 28,254 shares of the company were exchanged, compared to its average volume of 23,016. The stock’s 50-day moving average price is $8.51 and its 200-day moving average price is $8.64. The stock has a market cap of $22.17 million, a P/E ratio of -0.98 and a beta of 0.23. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. American Strategic Investment Co. has a one year low of $7.00 and a one year high of $16.30.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Friday, May 15th. The company reported ($3.04) EPS for the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%. The firm had revenue of $7.35 million during the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a research report on Monday, April 20th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, American Strategic Investment currently has an average rating of “Sell”.

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.