Nicholas Schorsch Acquires 1,365 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,365 shares of the firm’s stock in a transaction dated Friday, January 23rd. The shares were purchased at an average price of $10.38 per share, with a total value of $14,168.70. Following the acquisition, the insider directly owned 1,067,292 shares in the company, valued at approximately $11,078,490.96. This trade represents a 0.13% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Down 5.8%

NYSE NYC traded down $0.62 during mid-day trading on Friday, hitting $9.98. The company’s stock had a trading volume of 3,941 shares, compared to its average volume of 5,896. The firm has a market capitalization of $26.63 million, a P/E ratio of -1.14 and a beta of 0.19. The company has a debt-to-equity ratio of 1.39, a current ratio of 0.04 and a quick ratio of 0.04. American Strategic Investment Co. has a 52-week low of $7.03 and a 52-week high of $16.30. The stock’s fifty day simple moving average is $8.36 and its two-hundred day simple moving average is $10.10.

American Strategic Investment (NYSE:NYC) last released 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 return on equity of 97.07% and a negative net margin of 40.92%.The business had revenue of $12.27 million during the quarter, compared to analyst estimates of $14.26 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday. 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”.

American Strategic Investment Company Profile

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