American strategic investment sees insider buying totaling $14,032 By Investing.com
American Strategic Investment Co. (NYSE:NYC), currently trading at a significant discount to book value with a Price/Book ratio of 0.25, recently witnessed insider buying activity by Nicholas S. Schorsch and related entities. The transactions, reported on December 23 and 24, involved the purchase of 1,626 shares of Class A common stock, valued at approximately $14,032. The shares were acquired at a weighted average price range of $8.55 to $8.71 per share. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value estimates.
Nicholas S. Schorsch, a significant stakeholder, executed these transactions through entities under his control, including Bellevue Capital Partners (WA:), LLC. The purchases have…
