Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Buys $12,435.00 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average cost of $8.29 per share, with a total value of $12,435.00. Following the completion of the purchase, the insider owned 1,072,120 shares of the company’s stock, valued at $8,887,874.80. This represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC opened at $7.61 on Friday. The company has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $8.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $20.47 million, a PE ratio of -0.90 and a beta of 0.23. 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 posted its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share for the quarter. American Strategic Investment had a negative return on equity of 113.06% and a negative net margin of 53.18%.The firm had revenue of $7.35 million for the quarter.

Analysts Set New Price Targets

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