Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Buys $76,240.00 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 30th. The stock was bought at an average cost of $9.53 per share, with a total value of $76,240.00. Following the completion of the purchase, the insider owned 1,089,620 shares of the company’s stock, valued at $10,384,078.60. This represents a 0.74% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Up 3.4%

American Strategic Investment stock traded up $0.31 during trading hours on Thursday, hitting $9.32. 14,051 shares of the stock traded hands, compared to its average volume of 14,445. The firm’s 50-day moving average price is $8.61 and its two-hundred day moving average price is $8.69. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.73. The company has a market cap of $25.07 million, a PE ratio of -1.10 and a beta of 0.18. American Strategic Investment Co. has a one year low of $7.00 and a one year high of $16.30.

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

Analyst Upgrades and Downgrades

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