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

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

AMREP Price Performance

AMREP stock opened at $20.60 on Thursday. The stock’s fifty day moving average price is $22.01 and its two-hundred day moving average price is $20.28. AMREP Co. has a one year low of $13.46 and a one year high of $24.36. The firm has a market cap of $108.56 million, a PE ratio of 38.15 and a beta of 0.99.

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

Hedge Funds Weigh In On AMREP

Several hedge funds and other institutional investors have recently modified their holdings of the business. Gate City Capital Management LLC bought a new position in shares of AMREP in the 4th quarter valued at $9,505,000. AJOVista LLC acquired a new stake in shares of AMREP during the 4th quarter valued at $29,000. Victory Capital Management Inc. acquired a new stake in shares of AMREP during the 4th quarter valued at $119,000. Acuitas Investments LLC boosted its holdings in shares of 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 in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of AMREP during the 4th quarter valued at $2,529,000. Institutional investors 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.