Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Acquires 1,224 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,224 shares of the company’s stock in a transaction dated Friday, January 16th. The shares were acquired at an average cost of $10.24 per share, with a total value of $12,533.76. Following the acquisition, the insider directly owned 1,061,832 shares of the company’s stock, valued at approximately $10,873,159.68. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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

Shares of NYSE:NYC traded up $0.44 during midday trading on Friday, hitting $10.32. The company’s stock had a trading volume of 2,750 shares, compared to its average volume of 4,965. The company has a market cap of $27.56 million, a P/E ratio of -1.18 and a beta of 0.19. American Strategic Investment Co. has a 12-month low of $7.03 and a 12-month high of $16.30. The business’s 50 day simple moving average is $8.11 and its 200 day simple moving average is $10.26. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.04 and a current ratio of 0.04.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data 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 net margin of 40.92% and a negative return on equity of 97.07%. The business had revenue of $12.27 million for the quarter, compared to analysts’ expectations of $14.26 million.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently 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.