American Strategic Investment Co. Records Notable Insider Trading Activity

Recent transactions highlight shifts in ownership among prominent stakeholders in the company.

December 26, 2024

Summary of Transactions

American Strategic Investment Co. has disclosed a series of insider trading activities through its latest SEC Form 4 filing. These transactions were primarily executed by entities and individuals associated with Bellevue Capital Partners, a significant stakeholder in the company.

Nicholas S. Schorsch, the managing member of Bellevue Capital Partners, led these transactions. Notably, shares of Class A common stock were purchased in two separate transactions dated December 19 and 20, 2024. These acquisitions were conducted at weighted average prices of $8.87 and $8.35, respectively. The total holdings now include over 900,000 shares attributed to Bellevue Capital and its affiliated entities, reinforcing their position as a significant owner of American Strategic Investment Co.

The filing also detailed the relationships among various reporting persons, all tied through Bellevue Capital Partners' control. The broader group, which includes AR Global Investments and American Realty Capital III, collectively reports owning more than 10% of the company’s common stock. However, individual entities disclaim any shared beneficial ownership beyond their pecuniary interests.

Implications for Investors

The documented transactions indicate a consolidation of shares within the control of key insider entities. Such actions often signal confidence in the company’s long-term prospects, particularly when purchases are conducted at market prices.

For current and potential investors, the alignment between major stakeholders and the company’s performance objectives is an encouraging sign. However, the filing also reiterates standard disclaimers, emphasizing that each entity within the reporting group limits its claims of beneficial ownership to its direct interests.

Corporate Background

American Strategic Investment Co., traded under the ticker NYC, remains a noteworthy entity in its sector. These developments underscore the pivotal role of insider activity in shaping the company’s ownership dynamics and market narrative.