Raymond C. Stachowiak, serving as the Executive Chairman of American Shared Hospital Services (NASDAQ: AMS), has executed a substantial acquisition of the company's equity. According to a Form 4 filing submitted to the U.S. Securities and Exchange Commission on June 24, 2026, Stachowiak acquired 586,468 shares of common stock on June 22, 2026. The transaction was structured as a private purchase, with the total value amounting to approximately $1,337,147. Each share was purchased at a price of $2.28.
This acquisition represents a significant premium over the stock's recent market valuation, which stood at $1.42 at the time of the report. The current market price reflects a substantial decline, with the stock price having fallen by 39% over the past year. The shares were acquired indirectly through RCS/TIG Holdings LLC. Following this transaction, RCS/TIG Holdings LLC now holds a total of 586,468 shares of Common Stock No Par Value.
The filing provides a detailed breakdown of Stachowiak's broader holdings within the company. He directly holds 180,678 shares of Common Stock No Par Value. This direct ownership position is the result of a transfer of 594,000 shares to RCS Investments, Inc. on May 14, 2026. Additionally, Stachowiak maintains indirect holdings through other entities. He indirectly holds 752,500 shares through RCS Investments, Inc., and 760,559 shares through Stachowiak Equity Fund LLC.
While the executive chairman's purchase highlights internal confidence, the company's recent financial results present a mixed picture. American Shared Hospital Services reported a net loss for the first quarter of 2026. The earnings per share for the quarter were a loss of $0.09, which is consistent with the previous year's loss of $0.10 per share. Despite the continued net losses, the company achieved a notable increase in revenue. Revenue rose by 15.9% year-over-year to reach $7.1 million.
However, the persistence of net losses has generated concerns among investors regarding the company's financial trajectory. There have been no recent updates regarding mergers or acquisitions involving American Shared Hospital Services. Furthermore, analyst firms have not recently upgraded or downgraded the stock. These developments highlight the ongoing challenges faced by the company as it navigates a period of revenue growth amidst persistent profitability issues.
The company's market capitalization stands at $9.54 million. Valuation analysis suggests that AMS may be undervalued at current levels, with platforms tracking additional metrics for investors evaluating the company. The stock has shown volatility, with recent trading data indicating a close of $1.41, representing a decline of $0.06 or 4.08%. However, after-hours trading showed a recovery, with the stock rising to $1.62, an increase of $0.21 or 14.89%.