James H. Dahl Buys 10,000 Shares of AMREP Co. (NYSE:AXR) Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $20.95 per share, for a total transaction of $209,500.00. Following the completion of the transaction, the insider now owns 376,207 shares in the company, valued at approximately $7,881,536.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Price Performance

Shares of NYSE AXR opened at $20.54 on Wednesday. The business’s fifty day moving average price is $21.96 and its two-hundred day moving average price is $20.42. AMREP Co. has a 1-year low of $13.46 and a 1-year high of $24.36. The firm has a market capitalization of $108.25 million, a PE ratio of 38.04 and a beta of 1.04.

AMREP (NYSE:AXR) last announced its earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The firm had revenue of $12.69 million for the quarter.

Institutional Trading of AMREP

A number of hedge funds have recently modified their holdings of AXR. Cerity Partners LLC acquired a new position in AMREP in the 4th quarter valued at approximately $2,529,000. Acuitas Investments LLC raised its stake in shares of AMREP by 210.9% in the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after acquiring an additional 65,184 shares in the last quarter. Victory Capital Management Inc. bought a new stake in AMREP during the fourth quarter worth approximately $119,000. AJOVista LLC acquired a new position in AMREP during the fourth quarter valued at approximately $29,000. Finally, Gate City Capital Management LLC acquired a new stake in shares of AMREP in the fourth quarter worth $9,505,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.

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.