AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Purchases 10,000 Shares

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl acquired 10,000 shares of the business’s stock in a transaction dated 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 directly owns 376,207 shares in the company, valued at approximately $7,881,536.65. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

AMREP Stock Up 0.3 %

Shares of NYSE AXR opened at $20.61 on Thursday. AMREP Co. has a 52-week low of $13.46 and a 52-week high of $24.36. The stock has a market capitalization of $108.64 million, a price-to-earnings ratio of 38.17 and a beta of 1.04. The stock’s fifty day simple moving average is $21.95 and its 200 day simple moving average is $20.42.

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Gate City Capital Management LLC purchased a new stake in shares of AMREP in the 4th quarter valued at approximately $9,505,000. Cerity Partners LLC purchased a new position in AMREP during the 4th quarter worth approximately $2,529,000. Acuitas Investments LLC raised its stake in AMREP by 210.9% during the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after purchasing an additional 65,184 shares during the period. Empowered Funds LLC raised its stake in AMREP by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock valued at $878,000 after purchasing an additional 2,800 shares during the period. Finally, Victory Capital Management Inc. purchased a new stake in shares of AMREP in the fourth quarter valued at $119,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

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.