AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 3,075 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 3,075 shares of the firm’s stock in a transaction on Monday, June 22nd. The shares were purchased at an average cost of $25.58 per share, with a total value of $78,658.50. Following the completion of the transaction, the insider owned 501,708 shares of the company’s stock, valued at approximately $12,833,690.64. The trade was a 0.62% increase in their position. The purchase 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 shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Down 2.1%

Shares of AMREP stock traded down $0.55 on Wednesday, reaching $25.87. The stock had a trading volume of 4,776 shares, compared to its average volume of 9,353. The company has a 50 day moving average price of $26.30 and a 200 day moving average price of $24.23. AMREP Corporation has a 1 year low of $17.61 and a 1 year high of $29.01. The stock has a market capitalization of $137.37 million, a P/E ratio of 10.78 and a beta of 1.11.

Institutional Investors Weigh In On AMREP

A number of large investors have recently made changes to their positions in 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 worth $31,000 after acquiring an additional 650 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in AMREP during the 1st quarter valued at about $46,000. Barclays PLC grew its stake in AMREP by 781.7% during the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 2,478 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of AMREP by 42.1% in the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 3,077 shares during the period. Finally, Citadel Advisors LLC acquired a new position in shares of AMREP in the third quarter valued at about $453,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AXR shares. Wall Street Zen raised AMREP from a “hold” rating to a “buy” rating in a research report on Saturday, May 2nd. Freedom Capital lowered AMREP from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings upgraded AMREP from a “hold (c)” rating to a “hold (c+)” rating in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, AMREP presently has an average 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.