James Dahl Purchases 1,156 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 1,156 shares of the stock in a transaction on Wednesday, May 13th. The stock was bought at an average cost of $24.72 per share, for a total transaction of $28,576.32. Following the completion of the acquisition, the insider owned 488,133 shares in the company, valued at approximately $12,066,647.76. This trade represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Stock Up 3.1%

AMREP stock opened at $25.09 on Friday. The stock has a market cap of $133.10 million, a P/E ratio of 10.45 and a beta of 1.15. AMREP Corporation has a twelve month low of $17.61 and a twelve month high of $29.00. The company’s 50-day moving average price is $26.81 and its two-hundred day moving average price is $23.40.

AMREP (NYSE:AXR) last released its quarterly earnings results on Thursday, March 12th. The business services provider reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.01. The firm had revenue of $14.57 million for the quarter, compared to analysts’ expectations of $14.03 million. AMREP had a net margin of 24.40% and a return on equity of 9.58%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Robotti Robert grew its position in shares of AMREP by 0.8% during the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after purchasing an additional 4,327 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of AMREP by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after purchasing an additional 527 shares in the last quarter. Cerity Partners LLC grew its position in shares of AMREP by 0.4% during the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after purchasing an additional 665 shares in the last quarter. Truffle Hound Capital LLC grew its position in shares of AMREP by 31.0% during the 3rd quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock worth $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Finally, Crossingbridge Advisors LLC grew its position in shares of AMREP by 30.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on AXR. Freedom Capital cut shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, AMREP has a consensus rating of “Hold”.

About AMREP

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.