American Strategic Investment (NYSE:NYC) Major Shareholder Purchases $12,435.00 in Stock

American Strategic Investment Co. (NYSE:NYCGet Free Report) major shareholder Nicholas Schorsch acquired 1,500 shares of the company’s stock in a transaction on Monday, June 15th. The stock was acquired at an average cost of $8.29 per share, with a total value of $12,435.00. Following the completion of the purchase, the insider directly owned 1,072,120 shares in the company, valued at approximately $8,887,874.80. This represents a 0.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large 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 3.1%

Shares of NYC stock traded down $0.25 during trading hours on Wednesday, reaching $7.78. 20,997 shares of the stock were exchanged, compared to its average volume of 25,046. American Strategic Investment Co. has a 12-month low of $7.00 and a 12-month high of $16.30. 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’s 50-day moving average price is $8.54 and its 200-day moving average price is $8.63. The firm has a market capitalization of $20.93 million, a price-to-earnings ratio of -0.92 and a beta of 0.23.

American Strategic Investment (NYSE:NYCGet Free Report) last released its quarterly earnings results on Friday, May 15th. The company reported ($3.04) 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 for the quarter.

Analyst Ratings Changes

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

View Our Latest Analysis on American Strategic Investment

About American Strategic Investment

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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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