AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Purchases 5,000 Shares of Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl bought 5,000 shares of AMREP stock in a transaction dated Monday, April 29th. The stock was purchased at an average price of $21.04 per share, with a total value of $105,200.00. Following the purchase, the insider now directly owns 366,207 shares in the company, valued at approximately $7,704,995.28. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Stock Performance

AXR stock opened at $20.75 on Wednesday. AMREP Co. has a one year low of $13.46 and a one year high of $24.36. The stock has a market capitalization of $109.35 million, a PE ratio of 38.43 and a beta of 0.99. The company has a fifty day moving average of $22.02 and a 200-day moving average of $20.28.

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

Institutional Trading of AMREP

Several hedge funds and other institutional investors have recently made changes to their positions in AXR. Cerity Partners LLC acquired a new stake in shares of AMREP in the fourth quarter valued at about $2,529,000. Acuitas Investments LLC lifted its stake in shares of AMREP by 210.9% in the fourth 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. Victory Capital Management Inc. acquired a new stake in shares of AMREP in the fourth quarter valued at about $119,000. AJOVista LLC acquired a new stake in shares of AMREP in the fourth quarter valued at about $29,000. Finally, Gate City Capital Management LLC acquired a new stake in shares of AMREP in the fourth quarter valued at about $9,505,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

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.