Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Purchases $46,350.00 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 5,000 shares of the stock in a transaction on Monday, June 29th. The shares were acquired at an average cost of $9.27 per share, for a total transaction of $46,350.00. Following the purchase, the insider owned 1,081,620 shares in the company, valued at $10,026,617.40. The trade was a 0.46% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Major 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

American Strategic Investment stock opened at $9.32 on Friday. The company has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $8.70. The firm has a market capitalization of $25.07 million, a price-to-earnings ratio of -1.10 and a beta of 0.19. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 1.73. American Strategic Investment Co. has a 52-week low of $7.00 and a 52-week high of $16.30.

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

Analyst Ratings Changes

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