AMREP (NYSE:AXR) Major Shareholder James Dahl Purchases 2,000 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 2,000 shares of the stock in a transaction dated Friday, February 27th. The shares were bought at an average price of $25.98 per share, with a total value of $51,960.00. Following the completion of the purchase, the insider directly owned 467,198 shares of the company’s stock, valued at approximately $12,137,804.04. This trade represents a 0.43% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Price Performance

NYSE AXR opened at $24.72 on Friday. The company has a market cap of $131.28 million, a price-to-earnings ratio of 12.68 and a beta of 1.44. The stock’s fifty day moving average price is $21.67 and its 200 day moving average price is $22.16. AMREP Corporation has a 1 year low of $17.60 and a 1 year high of $28.71.

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

Institutional Trading of AMREP

A number of hedge funds have recently modified their holdings of AXR. Empowered Funds LLC grew its holdings in AMREP by 7.4% during the first quarter. Empowered Funds LLC now owns 48,281 shares of the business services provider’s stock worth $968,000 after acquiring an additional 3,344 shares during the period. Jane Street Group LLC boosted its position in AMREP by 42.1% in the 1st 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. Acadian Asset Management LLC acquired a new stake in shares of AMREP during the 1st quarter worth approximately $46,000. Geode Capital Management LLC grew its stake in shares of AMREP by 1.7% during the 2nd quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after purchasing an additional 574 shares during the period. Finally, Truffle Hound Capital LLC increased its holdings in shares of AMREP by 129.0% during the 2nd quarter. Truffle Hound Capital LLC now owns 114,524 shares of the business services provider’s stock valued at $2,397,000 after purchasing an additional 64,524 shares in the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.