American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $15,321.67 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch bought 1,469 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was purchased at an average price of $10.43 per share, for a total transaction of $15,321.67. Following the transaction, the insider now owns 954,779 shares of the company’s stock, valued at approximately $9,958,344.97. This represents a 0.15 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 1.6 %

Shares of NYC opened at $10.19 on Wednesday. The stock has a 50 day moving average price of $8.90 and a 200 day moving average price of $8.89. American Strategic Investment Co. has a one year low of $5.46 and a one year high of $10.91.

American Strategic Investment (NYSE:NYC) last released its earnings results on Tuesday, November 12th. The company reported ($2.62) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($2.62). The business had revenue of $15.45 million during the quarter, compared to analyst estimates of $15.71 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. During the same quarter in the prior year, the firm earned ($0.48) earnings per share.

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.