AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl purchased 2,400 shares of the company’s stock in a transaction dated Thursday, April 18th. The shares were bought at an average price of $21.82 per share, for a total transaction of $52,368.00. Following the completion of the transaction, the insider now directly owns 361,207 shares in the company, valued at approximately $7,881,536.74. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
AMREP Trading Down 5.9 %
Shares of AMREP stock opened at $20.87 on Friday. The business’s 50 day simple moving average is $22.06 and its 200-day simple moving average is $20.03. The stock has a market capitalization of $110.01 million, a price-to-earnings ratio of 38.65 and a beta of 0.99. AMREP Co. has a twelve month low of $13.46 and a twelve month high of $24.36.
AMREP (NYSE:AXR – Get Free Report) last announced its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share for the quarter. The business 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 Trading of AMREP
AMREP Company Profile
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.
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