AMREP Co. (NYSE:AXR) VP Sells $38,712.96 in Stock

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $21.12, for a total transaction of $38,712.96. Following the sale, the vice president now directly owns 7,867 shares of the company’s stock, valued at approximately $166,151.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Adrienne Uleau also recently made the following trade(s):

• On Thursday, April 25th, Adrienne Uleau sold 1,833 shares of AMREP stock. The stock was sold at an average price of $20.26, for a total transaction of $37,136.58.

AMREP Trading Up 1.8 %

NYSE:AXR opened at $20.77 on Friday. The company has a 50-day moving average price of $22.03 and a 200-day moving average price of $20.19. AMREP Co. has a 12 month low of $13.46 and a 12 month high of $24.36. The stock has a market cap of $109.46 million, a price-to-earnings ratio of 38.46 and a beta of 0.99.

AMREP (NYSE:AXR) last posted its earnings results 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 Investors Weigh In On AMREP

Institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC purchased a new position in AMREP during the 4th quarter valued at about $2,529,000. Acuitas Investments LLC lifted its position in AMREP by 210.9% during the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after acquiring an additional 65,184 shares during the period. Victory Capital Management Inc. purchased a new position in AMREP during the 4th quarter valued at about $119,000. AJOVista LLC purchased a new position in AMREP during the 4th quarter valued at about $29,000. Finally, Gate City Capital Management LLC purchased a new position in AMREP during the 4th quarter valued at about $9,505,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

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.