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

by · The Cerbat Gem

American Strategic Investment Co. (NYSE:NYC – Get Free Report) major shareholder Nicholas Schorsch purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The stock was bought 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 owned 1,072,120 shares of the company’s stock, valued at $8,887,874.80. This represents a 0.14% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

Shares of NYC opened at $7.61 on Friday. The company has a 50-day simple moving average of $8.51 and a two-hundred day simple moving average of $8.62. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.03 and a quick ratio of 0.03. The firm has a market capitalization of $20.47 million, a PE ratio of -0.90 and a beta of 0.23. American Strategic Investment Co. has a one year low of $7.00 and a one year high of $16.30.

American Strategic Investment (NYSE:NYC – Get Free Report) last posted its earnings results on Friday, May 15th. The company reported ($3.04) earnings per share 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.

Analysts Set New Price Targets

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

Check Out Our Latest Stock Analysis 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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