AMREP Co. (NYSE:AXR) Director Acquires $20,580.00 in Stock

AMREP Co. (NYSE:AXR) Director Edward B. Cloues II bought 3,500 shares of the company’s stock in a transaction on Tuesday, October 13th. The shares were acquired at an average price of $5.88 per share, for a total transaction of $20,580.00. Following the completion of the acquisition, the director now owns 10,588 shares in the company, valued at $62,257.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of AMREP stock opened at $6.43 on Friday. The stock has a market cap of $52.28 million, a price-to-earnings ratio of -10.05 and a beta of 0.68. The firm’s 50-day moving average is $5.26 and its two-hundred day moving average is $4.68. AMREP Co. has a 1 year low of $3.98 and a 1 year high of $6.43.

AMREP (NYSE:AXR) last released its quarterly earnings results on Monday, July 27th. The business services provider reported $0.01 EPS for the quarter. The business had revenue of $4.77 million during the quarter. AMREP had a negative net margin of 28.07% and a positive return on equity of 1.35%.

Separately, TheStreet upgraded shares of AMREP from a “d” rating to a “c-” rating in a report on Thursday, September 10th.

A hedge fund recently bought a new stake in AMREP stock. Marquette Asset Management LLC purchased a new stake in shares of AMREP Co. (NYSE:AXR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,631 shares of the business services provider’s stock, valued at approximately $61,000. Marquette Asset Management LLC owned about 0.17% of AMREP as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 19.41% of the company’s stock.

About AMREP

AMREP Corporation, through its subsidiaries, provides real estate and fulfillment services. The company's Real Estate Operations segment is involved in the sale of developed and undeveloped lots to homebuilders, commercial and industrial property developers, and others, as well as investment in commercial and investment properties.

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