Nicholas Schorsch Acquires 1,224 Shares of American Strategic Investment (NYSE:NYC) Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas Schorsch bought 1,224 shares of American Strategic Investment stock in a transaction on Wednesday, January 14th. The shares were purchased at an average price of $9.85 per share, for a total transaction of $12,056.40. Following 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 acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

American Strategic Investment Trading Up 4.5%

NYC opened at $10.32 on Friday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 1.39. American Strategic Investment Co. has a 52 week low of $7.03 and a 52 week high of $16.30. The stock has a market cap of $27.56 million, a PE ratio of -1.18 and a beta of 0.19. The business has a 50 day moving average of $8.11 and a 200-day moving average of $10.22.

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of American Strategic Investment in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, American Strategic Investment presently 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.