AMREP (NYSE:AXR) Major Shareholder Buys $128,350.00 in Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, February 26th. The shares were bought at an average cost of $25.67 per share, with a total value of $128,350.00. Following the purchase, the insider directly owned 465,198 shares of the company’s stock, valued at approximately $11,941,632.66. This represents a 1.09% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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 1.6%

NYSE:AXR traded down $0.40 during midday trading on Friday, hitting $24.72. The stock had a trading volume of 8,365 shares, compared to its average volume of 5,025. AMREP Corporation has a one year low of $17.60 and a one year high of $28.71. The company has a market capitalization of $131.16 million, a price-to-earnings ratio of 12.68 and a beta of 1.44. The stock has a 50-day moving average of $21.67 and a 200 day moving average of $22.16.

AMREP (NYSE:AXR) last issued its earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.22). AMREP had a net margin of 22.86% and a return on equity of 7.98%. The firm had revenue of $9.40 million for the quarter, compared to the consensus estimate of $14.97 million.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, AMREP presently has a consensus rating of “Hold”.

Institutional Trading of AMREP

A number of institutional investors have recently modified their holdings of AXR. NBC Securities Inc. raised its stake in shares of AMREP by 65.0% during 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 in the last quarter. Acadian Asset Management LLC purchased a new position in AMREP in the first quarter worth $46,000. Barclays PLC grew its holdings in AMREP by 781.7% in the fourth quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock worth $53,000 after purchasing an additional 2,478 shares during the last quarter. Jane Street Group LLC increased its position in shares of AMREP by 42.1% during the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock worth $208,000 after purchasing an additional 3,077 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of AMREP during the 3rd quarter valued at $453,000. 59.85% of the stock is currently owned by institutional investors.

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.