Insider Buying: AmBase Co. (ABCP) Major Shareholder Purchases 450,000 Shares of Stock

AmBase Co. (OTCMKTS:ABCP) major shareholder Iszo Capital Management Lp purchased 450,000 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were acquired at an average cost of $0.28 per share, for a total transaction of $126,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Iszo Capital Management Lp also recently made the following trade(s):

  • On Monday, December 4th, Iszo Capital Management Lp purchased 145,000 shares of AmBase stock. The shares were acquired at an average cost of $0.27 per share, for a total transaction of $39,150.00.
  • On Monday, November 27th, Iszo Capital Management Lp purchased 425,000 shares of AmBase stock. The shares were acquired at an average cost of $0.25 per share, for a total transaction of $106,250.00.

AmBase Co. (OTCMKTS ABCP) traded down $0.02 during trading hours on Tuesday, reaching $0.28. 26,571 shares of the company were exchanged, compared to its average volume of 128,494. AmBase Co. has a 1-year low of $0.10 and a 1-year high of $1.45. The company has a market capitalization of $12.18, a price-to-earnings ratio of -0.17 and a beta of 1.33. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of -1.12.

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About AmBase

AmBase Corporation is a holding company. The Company holds an equity interest in a real estate development property through a joint venture agreement to purchase and develop real property located at 105 through 111 West 57th Street in New York, New York (the 111 West 57th Property). The Company also owns a commercial office building in Greenwich, Connecticut that is managed and operated by the Company.

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