Nicholas S. Schorsch Buys 1,279 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,279 shares of the stock in a transaction dated Monday, June 23rd. The shares were acquired at an average cost of $11.41 per share, with a total value of $14,593.39. Following the acquisition, the insider now directly owns 1,004,898 shares in the company, valued at $11,465,886.18. This represents a 0.13% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Up 11.3%

Shares of NYC opened at $12.50 on Thursday. American Strategic Investment Co. has a 12-month low of $7.55 and a 12-month high of $13.59. The business has a 50-day simple moving average of $10.64 and a two-hundred day simple moving average of $10.23. The stock has a market cap of $32.88 million, a PE ratio of -0.22 and a beta of 0.02.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Friday, May 9th. The company reported ($3.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.01) by ($1.38). American Strategic Investment had a negative return on equity of 30.42% and a negative net margin of 242.43%. The firm had revenue of $12.31 million during the quarter, compared to analyst estimates of $13.91 million.

Hedge Funds Weigh In On American Strategic Investment

An institutional investor recently raised its position in American Strategic Investment stock. Coppell Advisory Solutions LLC boosted its position in American Strategic Investment Co. (NYSE:NYC) by 3,757.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,436 shares of the company’s stock after purchasing an additional 16,984 shares during the period. Coppell Advisory Solutions LLC owned 0.66% of American Strategic Investment worth $194,000 at the end of the most recent quarter. 48.04% of the stock is owned by institutional investors and hedge funds.

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.