American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 1,131 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,131 shares of American Strategic Investment stock in a transaction dated Wednesday, March 26th. The shares were bought at an average price of $10.75 per share, with a total value of $12,158.25. Following the completion of the transaction, the insider now owns 973,230 shares in the company, valued at approximately $10,462,222.50. This trade represents a 0.12 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Up 10.3 %

NYSE NYC traded up $1.09 during mid-day trading on Friday, hitting $11.63. The stock had a trading volume of 14,170 shares, compared to its average volume of 5,998. The company has a 50 day simple moving average of $10.31 and a 200 day simple moving average of $9.35. The company has a market cap of $30.97 million, a price-to-earnings ratio of -0.14 and a beta of 0.13. American Strategic Investment Co. has a 52-week low of $5.46 and a 52-week high of $12.52.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.06) by ($0.54). The firm had revenue of $14.89 million during the quarter, compared to analysts’ expectations of $14.74 million. American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%.

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.