AMREP Co. (NYSE:AXR) Major Shareholder Buys $209,500.00 in Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average price of $20.95 per share, with a total value of $209,500.00. Following the transaction, the insider now owns 376,207 shares in the company, valued at approximately $7,881,536.65. The purchase 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 stock are required to disclose their transactions with the SEC.

AMREP Trading Up 0.3 %

NYSE:AXR opened at $20.61 on Thursday. The firm has a market cap of $108.64 million, a price-to-earnings ratio of 38.17 and a beta of 1.04. AMREP Co. has a 12-month low of $13.46 and a 12-month high of $24.36. The company’s 50-day moving average is $21.95 and its two-hundred day moving average is $20.42.

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

Institutional Investors Weigh In On AMREP

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Gate City Capital Management LLC purchased a new position in AMREP during the fourth quarter worth about $9,505,000. Cerity Partners LLC purchased a new position in shares of AMREP during the 4th quarter worth about $2,529,000. Acuitas Investments LLC boosted its position in shares of AMREP by 210.9% in the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 65,184 shares during the last quarter. Victory Capital Management Inc. purchased a new stake in AMREP in the fourth quarter valued at approximately $119,000. Finally, Empowered Funds LLC increased its position in AMREP by 8.0% during the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after purchasing an additional 2,800 shares during the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

About AMREP

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.