James Dahl Purchases 4,358 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 4,358 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The stock was purchased at an average price of $23.71 per share, with a total value of $103,328.18. Following the completion of the purchase, the insider directly owned 448,056 shares in the company, valued at $10,623,407.76. The trade was a 0.98% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

AMREP Stock Performance

NYSE:AXR traded up $0.16 during mid-day trading on Friday, reaching $23.85. 3,853 shares of the company’s stock were exchanged, compared to its average volume of 3,802. AMREP Corporation has a one year low of $17.60 and a one year high of $30.00. The firm has a market capitalization of $126.64 million, a PE ratio of 12.23 and a beta of 1.44. The business’s fifty day simple moving average is $20.45 and its two-hundred day simple moving average is $21.92.

AMREP (NYSE:AXR) last issued its earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.22). The business had revenue of $9.40 million during the quarter, compared to analyst estimates of $14.97 million. AMREP had a net margin of 22.86% and a return on equity of 7.98%.

Institutional Investors Weigh In On AMREP

Several large investors have recently modified their holdings of AXR. NBC Securities Inc. raised its stake in AMREP by 65.0% in the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 650 shares during the period. Acadian Asset Management LLC bought a new stake in shares of AMREP in the first quarter valued at approximately $46,000. Jane Street Group LLC lifted its stake in shares of AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after buying an additional 3,077 shares in the last quarter. Ritholtz Wealth Management boosted its holdings in AMREP by 42.1% in the 2nd quarter. Ritholtz Wealth Management now owns 17,375 shares of the business services provider’s stock worth $364,000 after buying an additional 5,144 shares during the period. Finally, Citadel Advisors LLC purchased a new position in AMREP in the 3rd quarter valued at approximately $453,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on AXR shares. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Sunday, October 19th. Weiss Ratings restated a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

AMREP Company Profile

AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.

Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.