Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys 1,321 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch acquired 1,321 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was purchased at an average price of $9.03 per share, for a total transaction of $11,928.63. Following the completion of the purchase, the insider now directly owns 928,389 shares in the company, valued at $8,383,352.67. This trade represents a 0.14 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of NYC traded down $0.15 during trading hours on Wednesday, hitting $8.84. The company’s stock had a trading volume of 3,018 shares, compared to its average volume of 3,444. The business has a 50 day simple moving average of $8.70 and a two-hundred day simple moving average of $8.92. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $10.91. The company has a market cap of $23.55 million, a price-to-earnings ratio of -0.10 and a beta of 0.12.

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.