Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Buys 1,664 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,664 shares of the stock in a transaction on Thursday, January 29th. The stock was purchased at an average price of $11.15 per share, with a total value of $18,553.60. Following the completion of the acquisition, the insider directly owned 1,072,284 shares in the company, valued at approximately $11,955,966.60. This trade represents a 0.16% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Down 4.6%

Shares of American Strategic Investment stock traded down $0.53 during trading on Thursday, hitting $10.86. 6,779 shares of the stock traded hands, compared to its average volume of 5,810. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 1.39. The stock’s fifty day simple moving average is $8.59 and its 200 day simple moving average is $9.97. The firm has a market cap of $28.98 million, a P/E ratio of -1.24 and a beta of 0.19. American Strategic Investment Co. has a 52-week low of $7.03 and a 52-week high of $16.30.

American Strategic Investment (NYSE:NYC) last issued its earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.76) by ($1.47). American Strategic Investment had a negative return on equity of 97.07% and a negative net margin of 40.92%.The business had revenue of $12.27 million for the quarter, compared to the consensus estimate of $14.26 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Strategic Investment in a report on Wednesday, January 21st. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

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.