Insider Buying: American Strategic Investment Co. (NYSE:NYC) Major Shareholder Purchases 1,321 Shares of Stock

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,321 shares of the firm’s stock in a transaction dated Friday, January 10th. The shares were purchased at an average cost of $9.04 per share, for a total transaction of $11,941.84. Following the purchase, the insider now directly owns 932,352 shares in the company, valued at approximately $8,428,462.08. This represents a 0.14 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

American Strategic Investment Price Performance

NYSE NYC opened at $8.99 on Wednesday. The business has a 50 day moving average price of $8.70 and a 200 day moving average price of $8.92. The company has a market capitalization of $23.95 million, a P/E ratio of -0.11 and a beta of 0.12. American Strategic Investment Co. has a 1-year low of $5.46 and a 1-year high of $10.91.

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.