AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl acquired 2,400 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average cost of $21.82 per share, for a total transaction of $52,368.00. Following the acquisition, the insider now owns 361,207 shares of the company’s stock, valued at approximately $7,881,536.74. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
AMREP Stock Performance
Shares of AXR stock opened at $22.17 on Friday. The stock’s 50-day moving average is $22.05 and its two-hundred day moving average is $20.00. The firm has a market cap of $116.84 million, a price-to-earnings ratio of 41.06 and a beta of 0.99. AMREP Co. has a 1 year low of $13.46 and a 1 year high of $24.36.
AMREP (NYSE:AXR – Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The company had revenue of $12.69 million for the quarter.
Hedge Funds Weigh In On AMREP
AMREP Company Profile
AMREP Corporation, through its subsidiaries, primarily engages in the real estate business. The company operates through two segments, Land Development and Homebuilding. It sells developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others. In addition, the company owns mineral interests covering an area of approximately 55,000 surface acres of land in Sandoval County, New Mexico; and owns oil, gas, and minerals and mineral interests covering an area of approximately 147 surface acres of land in Brighton, Colorado.
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