Nicholas Schorsch Buys 1,500 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was bought at an average price of $8.29 per share, for a total transaction of $12,435.00. Following the acquisition, the insider directly owned 1,072,120 shares of the company’s stock, valued at $8,887,874.80. The trade was a 0.14% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

NYC stock traded down $0.25 on Wednesday, hitting $7.78. The company had a trading volume of 20,997 shares, compared to its average volume of 25,046. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.73. American Strategic Investment Co. has a 12-month low of $7.00 and a 12-month high of $16.30. The stock has a market cap of $20.93 million, a price-to-earnings ratio of -0.92 and a beta of 0.23. The stock’s 50-day simple moving average is $8.54 and its 200 day simple moving average is $8.63.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Friday, May 15th. The company reported ($3.04) EPS for the quarter. The firm had revenue of $7.35 million for the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of American Strategic Investment in a report on Monday, April 20th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, American Strategic Investment currently has an average rating of “Sell”.

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.