American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases $11,941.84 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,321 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average price of $9.04 per share, with a total value of $11,941.84. Following the completion of the acquisition, the insider now owns 932,352 shares in the company, valued at approximately $8,428,462.08. The trade was a 0.14 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

NYC stock traded up $0.44 during trading on Tuesday, reaching $8.99. 2,171 shares of the stock traded hands, compared to its average volume of 3,334. The firm has a market capitalization of $23.95 million, a PE ratio of -0.11 and a beta of 0.12. The business’s 50 day moving average price is $8.70 and its 200-day moving average price is $8.92. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $10.91.

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.