James Dahl Acquires 3,000 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 3,000 shares of AMREP stock in a transaction dated Friday, May 1st. The stock was purchased at an average price of $27.85 per share, for a total transaction of $83,550.00. Following the purchase, the insider directly owned 486,977 shares in the company, valued at $13,562,309.45. This represents a 0.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

AMREP Stock Performance

Shares of NYSE:AXR opened at $27.70 on Friday. AMREP Corporation has a 52 week low of $17.61 and a 52 week high of $29.00. The company’s fifty day moving average is $26.87 and its 200-day moving average is $23.30. The company has a market capitalization of $147.08 million, a PE ratio of 11.54 and a beta of 1.15.

AMREP (NYSE:AXR) last issued its earnings results on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The company had revenue of $14.57 million for the quarter, compared to the consensus estimate of $14.03 million.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. NBC Securities Inc. raised its holdings in shares of AMREP by 65.0% in the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after buying an additional 650 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of AMREP in the first quarter valued at about $46,000. Barclays PLC raised its holdings in shares of AMREP by 781.7% in the fourth quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after buying an additional 2,478 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of AMREP by 42.1% in the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after buying an additional 3,077 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of AMREP in the third quarter valued at about $453,000. 59.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold”.

AMREP Company Profile

AMREP Corporation (NYSE: AXR) is a Denver-area based company specializing in land development and natural resource management. Since its founding in 1961, AMREP has built a diversified platform that spans real estate operations and resource extraction, serving both individual and institutional clients in the western United States.

Through its real estate segment, AMREP Southwest Inc acquires, develops and markets residential lots in planned communities across New Mexico and Colorado. Notable projects include the Tanoan Country Club and adjacent residential neighborhoods near Albuquerque, where the company employs a direct-to-consumer marketing model to reach out-of-state and local buyers.