Nicholas Schorsch Buys 1,500 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch purchased 1,500 shares of the company’s stock in a transaction that occurred on Monday, June 22nd. The stock was bought at an average cost of $7.85 per share, with a total value of $11,775.00. Following the purchase, the insider owned 1,073,620 shares of the company’s stock, valued at $8,427,917. This represents a 0.14% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

American Strategic Investment stock traded down $0.04 during trading hours on Wednesday, reaching $8.24. 28,254 shares of the stock were exchanged, compared to its average volume of 23,016. The company has a market cap of $22.17 million, a P/E ratio of -0.98 and a beta of 0.23. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.73. American Strategic Investment Co. has a twelve month low of $7.00 and a twelve month high of $16.30. The stock has a 50 day moving average of $8.51 and a two-hundred day moving average of $8.64.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, the stock 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.