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

American Strategic Investment Co. (NYSE:NYCGet Free Report) major shareholder Nicholas Schorsch bought 5,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was purchased at an average cost of $9.27 per share, for a total transaction of $46,350.00. Following the completion of the transaction, the insider directly owned 1,081,620 shares of the company’s stock, valued at approximately $10,026,617.40. The trade was a 0.46% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 3.8%

American Strategic Investment stock opened at $9.08 on Tuesday. The business has a 50-day simple moving average of $8.57 and a two-hundred day simple moving average of $8.67. The company has a market cap of $24.43 million, a P/E ratio of -1.07 and a beta of 0.23. American Strategic Investment Co. has a 52-week low of $7.00 and a 52-week high of $16.30. 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 (NYSE:NYCGet Free Report) last issued its quarterly earnings data on Friday, May 15th. The company reported ($3.04) earnings per share for the quarter. The business had revenue of $7.35 million during the quarter. American Strategic Investment had a negative return on equity of 113.06% and a negative net margin of 53.18%.

Analyst Ratings Changes

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

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American Strategic Investment Company Profile

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American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.

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Insider Buying and Selling by Quarter for American Strategic Investment (NYSE:NYC)

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