American Strategic Investment (NYSE:NYC) Major Shareholder Purchases $12,056.40 in Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,224 shares of the firm’s stock in a transaction dated Wednesday, January 14th. The stock was acquired at an average cost of $9.85 per share, with a total value of $12,056.40. Following the completion of the acquisition, the insider directly owned 1,059,384 shares in the company, valued at approximately $10,434,932.40. This trade represents a 0.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Stock Performance

Shares of American Strategic Investment stock traded up $0.44 on Friday, reaching $10.32. 2,750 shares of the company were exchanged, compared to its average volume of 4,965. The firm has a market cap of $27.56 million, a price-to-earnings ratio of -1.18 and a beta of 0.19. The company’s 50-day moving average is $8.11 and its two-hundred day 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 Co. has a 1-year low of $7.03 and a 1-year high of $16.30.

American Strategic Investment (NYSE:NYC) last posted its earnings results on Wednesday, November 19th. The company reported ($3.23) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.76) by ($1.47). The company had revenue of $12.27 million during the quarter, compared to the consensus estimate of $14.26 million. American Strategic Investment had a negative net margin of 40.92% and a negative return on equity of 97.07%.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of American Strategic Investment in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the company 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.