Nicholas Schorsch Purchases 8,000 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYCGet Free Report) major shareholder Nicholas Schorsch purchased 8,000 shares of the business’s stock in a transaction 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 purchase, the insider owned 1,089,620 shares in the company, valued at approximately $10,384,078.60. This represents a 0.74% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of American Strategic Investment stock traded up $0.31 on Thursday, hitting $9.32. 14,051 shares of the company traded hands, compared to its average volume of 14,445. 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 has a market cap of $25.07 million, a P/E ratio of -1.10 and a beta of 0.18. The firm’s 50-day simple moving average is $8.61 and its 200 day simple moving average is $8.69.

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

Wall Street Analysts Forecast Growth

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 MarketBeat.com, American Strategic Investment currently has an average rating of “Sell”.

View Our Latest Stock Report on American Strategic Investment

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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