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

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,469 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The shares were purchased at an average cost of $10.43 per share, for a total transaction of $15,321.67. Following the completion of the transaction, the insider now directly owns 954,779 shares of the company’s stock, valued at $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 SEC, which is available at the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

Shares of NYC stock opened at $10.50 on Thursday. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $10.91. The company has a 50-day simple moving average of $8.93 and a two-hundred day simple moving average of $8.90. The company has a market capitalization of $27.92 million, a price-to-earnings ratio of -0.12 and a beta of 0.15.

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

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.