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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,740 shares of the firm’s stock in a transaction on Monday, April 14th. The shares were purchased at an average price of $12.24 per share, for a total transaction of $21,297.60. Following the completion of the transaction, the insider now owns 992,552 shares of the company’s stock, valued at $12,148,836.48. This represents a 0.18 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 3.1 %

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

American Strategic Investment (NYSE:NYC) last posted its earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing the consensus estimate of ($2.06) by ($0.54). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The business had revenue of $14.89 million for the quarter, compared to analysts’ expectations 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.