James Dahl Buys 3,200 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 3,200 shares of AMREP stock in a transaction that occurred on Tuesday, March 3rd. The shares were purchased at an average cost of $25.69 per share, with a total value of $82,208.00. Following the transaction, the insider directly owned 470,398 shares of the company’s stock, valued at $12,084,524.62. This represents a 0.68% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Trading Up 1.0%

AXR stock traded up $0.25 during midday trading on Wednesday, hitting $25.68. The company’s stock had a trading volume of 2,858 shares, compared to its average volume of 5,056. The firm’s 50-day moving average is $21.94 and its 200-day moving average is $22.22. AMREP Corporation has a 12 month low of $17.60 and a 12 month high of $28.71. The company has a market cap of $136.36 million, a PE ratio of 13.17 and a beta of 1.41.

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

Institutional Trading of AMREP

Several hedge funds have recently bought and sold shares of AXR. Robotti Robert grew its position in shares of AMREP by 0.8% during the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock valued at $9,809,000 after purchasing an additional 4,327 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of AMREP by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after acquiring an additional 527 shares in the last quarter. Cerity Partners LLC boosted its position in shares of AMREP by 0.4% during the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock valued at $3,178,000 after acquiring an additional 665 shares during the last quarter. Truffle Hound Capital LLC grew its holdings in shares of AMREP by 31.0% in the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock valued at $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Finally, Gate City Capital Management LLC grew its holdings in shares of AMREP by 271.0% in the second quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider’s stock valued at $2,168,000 after purchasing an additional 75,661 shares in the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

Wall Street Analyst Weigh In

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

AMREP Company Profile

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.