AMREP (NYSE:AXR) Share Price Crosses Below 200 Day Moving Average of $21.21

AMREP Co. (NYSE:AXR)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.21 and traded as low as $18.17. AMREP shares last traded at $18.37, with a volume of 10,289 shares changing hands.

AMREP Stock Performance

The firm’s 50 day moving average is $20.29 and its 200 day moving average is $21.19. The stock has a market cap of $96.97 million, a P/E ratio of 34.45 and a beta of 1.02.

Insider Activity

In other AMREP news, VP Adrienne Uleau sold 1,700 shares of the stock in a transaction dated Monday, April 29th. The stock was sold at an average price of $20.79, for a total value of $35,343.00. Following the completion of the sale, the vice president now directly owns 4,334 shares in the company, valued at $90,103.86. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, VP Adrienne Uleau sold 1,700 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was sold at an average price of $20.79, for a total value of $35,343.00. Following the completion of the transaction, the vice president now owns 4,334 shares in the company, valued at approximately $90,103.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder James H. Dahl purchased 5,000 shares of the company’s stock in a transaction on Monday, April 1st. The shares were purchased at an average price of $23.50 per share, for a total transaction of $117,500.00. Following the purchase, the insider now owns 353,865 shares in the company, valued at approximately $8,315,827.50. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 45,163 shares of company stock worth $944,826 and sold 5,366 shares worth $111,193. Company insiders own 37.00% of the company’s stock.

Institutional Investors Weigh In On AMREP

A number of hedge funds and other institutional investors have recently made changes to their positions in AXR. Gate City Capital Management LLC purchased a new stake in shares of AMREP in the fourth quarter valued at approximately $9,505,000. Cerity Partners LLC acquired a new stake in AMREP in the 4th quarter valued at $2,529,000. Acuitas Investments LLC increased its holdings in AMREP by 210.9% in the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 65,184 shares in the last quarter. Empowered Funds LLC raised its position in AMREP by 8.0% during the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after acquiring an additional 2,800 shares during the period. Finally, Victory Capital Management Inc. purchased a new position in AMREP during the fourth quarter valued at $119,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

About AMREP

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.