Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases 1,131 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,131 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The stock was bought at an average cost of $11.35 per share, for a total transaction of $12,836.85. Following the completion of the purchase, the insider now directly owns 975,492 shares in the company, valued at $11,071,834.20. This represents a 0.12 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Up 10.3 %

Shares of NYSE NYC traded up $1.09 during midday 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 stock 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 capitalization of $30.97 million, a PE ratio of -0.14 and a beta of 0.13. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $12.52.

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

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.