Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys 1,661 Shares of Stock

American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas S. Schorsch purchased 1,661 shares of the firm's stock in a transaction that occurred on Wednesday, April 9th. The stock was bought at an average price of $11.65 per share, with a total value of $19,350.65. Following the transaction, the insider now directly owns 987,490 shares in the company, valued at $11,504,258.50. This trade represents a 0.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

American Strategic Investment Trading Up 1.1 %

• New York Community Bank stock plummets amid real estate risks

NYSE NYC opened at $11.58 on Friday. American Strategic Investment Co. has a 1 year low of $5.46 and a 1 year high of $12.52. The stock's 50-day moving average price is $10.73 and its two-hundred day moving average price is $9.53. The company has a market cap of $30.49 million, a PE ratio of -0.14 and a beta of 0.08.

American Strategic Investment (NYSE:NYC - Get Free Report) last released its quarterly earnings results on Wednesday, March 19th. The company reported ($2.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($2.06) by ($0.54). American Strategic Investment had a negative net margin of 334.85% and a negative return on equity of 17.68%. The firm had revenue of $14.89 million for the quarter, compared to analyst estimates of $14.74 million.

About American Strategic Investment

• Banking and trucking: Is the economy rolling toward troubles?

American Strategic Investment Co (NYSE: NYC) owns a portfolio of high-quality commercial real estate located within the five boroughs of New York City.

Further Reading

• Five stocks we like better than American Strategic Investment
• The How And Why of Investing in Oil Stocks
• Joby Aviation: Operational Momentum vs. Market Sentiment
• The 3 Best Blue-Chip Stocks to Buy Now
• Broadcom's Big Outperformance Shows Strength Amid Tariff Decline
• How to Profit From Growth Investing
• Carvana: Can Turnaround Strength Outdrive Market Headwinds?

This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.

• Three High-Dividend Yield Stocks For Stable Income And Growth

More From MarketBeat

Warning: “DOGE Collapse” imminent

Elon Strikes Back You may already sense that the tide is turning against Elon Musk and DOGE. Just this week...

Altimetry | Sponsored

10 Cheap Stocks Under $10 to Buy Now

The stock market has largely recovered from its 2022 and 2023 slowdown and continues to hit new all time highs...

MarketBeat

$2 Trillion Disappears Because of Fed's Secretive New Move

$2 trillion has disappeared from the US government's books. The reason why is a new, secretive move being c...

Stansberry Research | Sponsored

The Best Energy Stocks to Buy Now

With recent disruptions in the international energy markets, there has been a renewed attention on public ener...

MarketBeat

Get Your Bank Account “Fed Invasion” Ready with THESE 4 Simple Steps

Starting as soon as a few months from now, the United States government will make a sweeping change to bank ac...

Weiss Ratings | Sponsored

8 Retail Stocks to Own For the Long Haul

After the 2020 e-commerce boom, everyone thought we had taken a 10-year leap in online shopping. Amazon was op...

MarketBeat

Gold Hits New Highs as Global Markets Spiral

When Trump took office in 2017, gold was just $1,100 an ounce. By the time he left, it had soared to $1,839. ...

Premier Gold Co | Sponsored

7 Stocks to Ride the Autonomous Driving Boom

The global autonomous vehicle (AV) market is growing. According to the Autonomous Vehicle Industry Association...

MarketBeat