American Strategic Investment (NYSE:NYC) Major Shareholder Buys $14,701.05 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch acquired 1,365 shares of the company’s stock in a transaction that occurred on Wednesday, January 21st. The stock was purchased at an average cost of $10.77 per share, with a total value of $14,701.05. Following the acquisition, the insider directly owned 1,064,562 shares of the company’s stock, valued at $11,465,332.74. This trade represents a 0.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Trading Down 5.8%

NYC stock traded down $0.62 during trading on Friday, reaching $9.98. 3,941 shares of the stock were exchanged, compared to its average volume of 5,896. 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 firm has a market capitalization of $26.63 million, a price-to-earnings ratio of -1.14 and a beta of 0.19. The business has a 50 day moving average price of $8.36 and a 200-day moving average price of $10.10. American Strategic Investment Co. has a 1 year low of $7.03 and a 1 year high of $16.30.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $12.27 million for the quarter, compared to analyst estimates of $14.26 million.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, American Strategic Investment currently has a consensus 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.