Nicholas Schorsch Increases Stake in American Strategic Investment Co.
Nicholas Schorsch bought 5,000 shares of American Strategic Investment Co. on June 29, 2026.
Key Points
- Nicholas Schorsch purchased 5,000 shares of American Strategic Investment Co. at $9.27 each on June 29, 2026, totaling $46,350.
- Shares of American Strategic Investment Co. traded near $9.36 with a market cap of $25.5 million and a forward P/E of 6.25.
- Vanguard Capital Management opened a new position in the company with 20,785 shares valued at $177,088.
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Nicholas Schorsch, a key figure at American Strategic Investment Co., recently added to his stake in the company. On June 29, 2026, Schorsch bought 5,000 shares at an average price of $9.27 per share, with the total transaction valued at $46,350. This purchase was not part of a pre-planned trading scheme.
Insider Buying and Selling at American Strategic Investment Co.
Nicholas Schorsch has been actively buying shares of American Strategic Investment Co. in recent days. Along with his latest purchase of 5,000 shares on June 29, Schorsch acquired 251,703 shares on June 26 at $8.37 each, 1,000 shares on June 25 at $8.39, 1,000 shares on June 24 at $8.26, 1,000 shares on June 23 at $8.30, and 1,500 shares on June 22 at $7.85. These transactions reflect his growing confidence in the company's prospects.
Other Institutional Activity in American Strategic Investment Co.
Vanguard Capital Management LLC recently opened a new position in American Strategic Investment Co., acquiring 20,785 shares worth about $177,088. Meanwhile, Geode Capital Management, LLC increased its holdings by 2,450 shares, bringing its total to 19,452 shares valued at approximately $165,774, marking a 14.4% increase. Vanguard Fiduciary Trust Co also initiated a new stake, adding 11,666 shares valued at $99,394. On the other hand, Osaic Holdings, Inc. reduced its position by 167 shares, ending with 1,701 shares valued at $14,486, an 8.9% decrease.
American Strategic Investment Co. Stock Up 49.5%
Shares of NYSE:NYC traded near $9.36 on Tuesday. American Strategic Investment Co. has a market capitalization of approximately $25.5 million and a forward P/E ratio of 6.25. The stock has experienced a 52-week range between $7.00 and $16.30. Its 50-day moving average is $8.51, and the 200-day moving average is $8.79. The company has a current ratio of 1.02 and a quick ratio of 0.96, with a high debt-to-equity ratio of 439.42.
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Analysts Set New Price Targets
On August 18, 2023, B.Riley Financial maintained its hold rating on American Strategic Investment Co., setting a price target of $8.00. Earlier in the year, on March 17, 2023, the firm had also maintained a hold rating with a price target of $15.00.
About American Strategic Investment Co.
American Strategic Investment Co. is a real estate company headquartered in Newport, Rhode Island. It focuses on owning and managing commercial real estate properties in New York City, particularly in Manhattan. The company's portfolio includes office buildings and retail spaces. It operates through its subsidiaries and is managed by New York City Advisors, LLC. Founded in 2013, the company is part of the real estate services industry and is led by CEO Mr. Nicholas S. Schorsch Jr.
Bottom Line
Nicholas Schorsch's recent insider purchases indicate his confidence in American Strategic Investment Co.'s future. While his actions are noteworthy, it's essential to remember that insider transactions are not always indicative of the company's current financial health. Investors often track insider activities for insights, but these transactions should be considered as part of a broader analysis.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.