Key Points
- Major shareholder Nicholas Schorsch bought 8,000 shares of American Strategic Investment at $9.53 each, a transaction worth about $76,240. After the purchase, his holdings rose to 1,089,620 shares.
- The stock was trading up 3.4% and opened at $9.32, giving the company a market cap of roughly $25.1 million. It has a very low beta of 0.19, suggesting limited volatility relative to the broader market.
- American Strategic Investment reported a loss of $3.04 per share in its latest quarterly results, with negative net margin and return on equity. Weiss Ratings also reiterated a sell (d-) rating on the stock.
American Strategic Investment Co. (NYSE:NYC - Get Free Report) major shareholder Nicholas Schorsch bought 8,000 shares of the firm's stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of $9.53 per share, with a total value of $76,240.00. Following the completion of the purchase, the insider owned 1,089,620 shares of the company's stock, valued at approximately $10,384,078.60. This trade represents a 0.74% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
American Strategic Investment Trading Up 3.4%
NYSE NYC opened at $9.32 on Friday. The firm has a market cap of $25.07 million, a P/E ratio of -1.10 and a beta of 0.19. The company has a debt-to-equity ratio of 1.73, a current ratio of 0.03 and a quick ratio of 0.03. The stock's 50-day moving average is $8.63 and its 200-day moving average is $8.70. American Strategic Investment Co. has a one year low of $7.00 and a one year high of $16.30.
American Strategic Investment (NYSE:NYC - Get Free Report) last released its quarterly earnings data on Friday, May 15th. The company reported ($3.04) earnings per share for the quarter. American Strategic Investment had a negative net margin of 53.18% and a negative return on equity of 113.06%. The business had revenue of $7.35 million for the quarter.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a "sell (d-)" rating on shares of American Strategic Investment in a report on Monday, April 20th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock currently has an average rating of "Sell".
Check Out Our Latest Analysis on American Strategic Investment
American Strategic Investment Company Profile
(
Get Free Report)
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
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