American Strategic Investment Co. (NYSE:NYC) Major Shareholder Nicholas S. Schorsch Buys 1,321 Shares

American Strategic Investment Co. (NYSE:NYC) major shareholder Nicholas S. Schorsch purchased 1,321 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were acquired at an average price of $9.03 per share, for a total transaction of $11,928.63. Following the completion of the acquisition, the insider now directly owns 928,389 shares of the company’s stock, valued at $8,383,352.67. This trade represents a 0.14 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Price Performance

Shares of American Strategic Investment stock traded down $0.15 during trading hours on Wednesday, hitting $8.84. 3,018 shares of the company’s stock traded hands, compared to its average volume of 3,444. The stock has a market capitalization of $23.55 million, a price-to-earnings ratio of -0.10 and a beta of 0.12. American Strategic Investment Co. has a 12-month low of $5.46 and a 12-month high of $10.91. The company has a fifty day simple moving average of $8.70 and a 200-day simple moving average of $8.92.

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.