American strategic investment director buys $67k in company stock
American Strategic Investment Co. (NYSE: NYC) insider Nicholas S. Schorsch purchased $67,450 worth of the company's stock in two separate transactions during late August 2026. The insider buying occurred as the stock traded at $6.47, marking a 43% decline over the past year and a 7% drop in the preceding week. Schorsch bought 5,000 shares on August 26 at an average price of $6.81, amounting to $34,050.
The following day, he acquired another 5,000 shares, this time at $6.68 per share, totaling $33,400. Both purchases were made through Bellevue Capital Partners, LLC, where Schorsch serves as managing member with decision-making authority over related securities. Additionally, Schorsch reported the acquisition of 160,766 vested shares, valued at $6.98 each, on August 25, valued at $1,122,146.
These shares were part of a 2020 incentive compensation plan for New York City Advisors, LLC, the external advisor of American Strategic Investment Co. Following these transactions, Schorsch's indirect ownership of the company's Class A common stock is now 799,620 shares. For a detailed review of NYC's valuation and financial performance, InvestingPro provides 15 exclusive tips and Pro Research Reports on over 1,400 US equities.
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