American Strategic Investment Co. (NYSE:NYC) Major Shareholder Buys $11,717.27 in 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 Wednesday, January 8th. The shares were acquired at an average cost of $8.87 per share, with a total value of $11,717.27. Following the completion of the purchase, the insider now directly owns 931,031 shares in the company, valued at approximately $8,258,244.97. This represents a 0.14 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

American Strategic Investment Trading Down 1.7 %

Shares of NYC opened at $8.84 on Friday. American Strategic Investment Co. has a 12 month low of $5.46 and a 12 month high of $10.91. The firm has a fifty day simple moving average of $8.70 and a 200 day simple moving average of $8.92. 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 Company Profile

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