Nicholas Schorsch increases stake in American Strategic Investment Co. with $24,485 purchase By Investing.com
Nicholas Schorsch, a significant investor in American Strategic Investment Co. (NYSE:NYC), has increased his holdings in the company through a series of purchases totaling $24,485. The transactions, which occurred on December 26, 27, and 30, involved the acquisition of Class A common stock at prices ranging from $8.83 to $9.02 per share. According to InvestingPro analysis, the stock is currently trading at just 0.26 times book value, suggesting potential undervaluation despite facing profitability challenges.
Schorsch, who is a ten percent owner of the company, executed these purchases through entities associated with him, including Bellevue Capital Partners (WA:), LLC and AR Global Investments, LLC. Following these transactions,…
