American Strategic Investment Co. (NYSE:NYC) Major Shareholder Acquires $15,612.40 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,697 shares of the company’s stock in a transaction on Tuesday, January 21st. The shares were purchased at an average price of $9.20 per share, for a total transaction of $15,612.40. Following the purchase, the insider now owns 940,884 shares in the company, valued at approximately $8,656,132.80. The trade was a 0.18 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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 Price Performance

American Strategic Investment stock traded up $0.14 during trading hours on Thursday, hitting $9.13. 4,133 shares of the stock traded hands, compared to its average volume of 5,224. The firm’s 50 day moving average price is $8.73 and its 200-day moving average price is $8.88. The stock has a market capitalization of $24.29 million, a price-to-earnings ratio of -0.11 and a beta of 0.12. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $10.91.

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

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.