Insider Buying: American Strategic Investment (NYSE:NYC) Major Shareholder Acquires 5,000 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 5,000 shares of American Strategic Investment stock in a transaction that occurred on Wednesday, August 26th. The stock was bought at an average price of $6.81 per share, with a total value of $34,050.00. Following the purchase, the insider owned 794,620 shares of the company’s stock, valued at $5,411,362.20. This trade represents a 0.63% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

American Strategic Investment Stock Performance

NYC stock traded up $0.19 during trading on Thursday, reaching $6.72. 15,492 shares of the stock were exchanged, compared to its average volume of 43,377. American Strategic Investment Co. has a twelve month low of $5.97 and a twelve month high of $13.97. The company has a market capitalization of $21.24 million, a P/E ratio of 1.37 and a beta of 0.18. The stock has a 50 day simple moving average of $8.25 and a 200-day simple moving average of $8.42. The company has a current ratio of 0.03, a quick ratio of 0.03 and a debt-to-equity ratio of 1.87.

American Strategic Investment (NYSE:NYC) last announced its quarterly earnings data on Wednesday, August 12th. The company reported ($3.04) earnings per share for the quarter. American Strategic Investment had a negative return on equity of 50.85% and a net margin of 38.87%.The firm had revenue of $7.32 million for the quarter.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded American Strategic Investment from a “sell (d-)” rating to a “sell (d+)” rating in a report on Friday, August 14th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently 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.