Nicholas S. Schorsch Purchases 1,640 Shares of American Strategic Investment Co. (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,640 shares of the company’s stock in a transaction dated Wednesday, July 2nd. The shares were acquired at an average cost of $14.83 per share, with a total value of $24,321.20. Following the purchase, the insider directly owned 1,014,934 shares of the company’s stock, valued at approximately $15,051,471.22. The trade was a 0.16% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 Stock Up 3.6%

NYSE NYC opened at $14.46 on Thursday. The company has a market capitalization of $38.02 million, a price-to-earnings ratio of -0.26 and a beta of 0.14. American Strategic Investment Co. has a twelve month low of $7.55 and a twelve month high of $15.20. The stock has a fifty day simple moving average of $10.84 and a 200 day simple moving average of $10.41.

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

Institutional Trading of American Strategic Investment

A hedge fund recently raised its stake in American Strategic Investment stock. Coppell Advisory Solutions LLC grew its position in American Strategic Investment Co. (NYSE:NYC) by 3,757.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,436 shares of the company’s stock after purchasing an additional 16,984 shares during the quarter. Coppell Advisory Solutions LLC owned approximately 0.66% of American Strategic Investment worth $194,000 as of its most recent filing with the SEC. 48.04% of the stock is owned by hedge funds and other institutional investors.

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.