AMREP (NYSE:AXR) Major Shareholder James Dahl Acquires 4,000 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average cost of $26.16 per share, for a total transaction of $104,640.00. Following the completion of the acquisition, the insider directly owned 497,133 shares of the company’s stock, valued at $13,004,999.28. This represents a 0.81% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

AMREP Price Performance

AXR traded down $2.03 during trading on Friday, hitting $24.99. The company had a trading volume of 63,040 shares, compared to its average volume of 10,025. The company has a market cap of $132.71 million, a PE ratio of 10.41 and a beta of 1.15. The business has a 50-day moving average of $26.99 and a 200-day moving average of $23.68. AMREP Corporation has a 1-year low of $17.61 and a 1-year high of $29.01.

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

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Weiss Ratings raised shares of AMREP from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Finally, Freedom Capital cut shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Trading of AMREP

Institutional investors and hedge funds have recently modified their holdings of the business. Peapod Lane Capital LLC grew its position in shares of AMREP by 1.1% during the third quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider’s stock worth $1,094,000 after acquiring an additional 503 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of AMREP by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after acquiring an additional 527 shares during the last quarter. Geode Capital Management LLC grew its position in shares of AMREP by 1.7% during the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after acquiring an additional 574 shares during the last quarter. NBC Securities Inc. grew its position in shares of AMREP by 65.0% during the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after acquiring an additional 650 shares during the last quarter. Finally, Cerity Partners LLC grew its position in shares of AMREP by 0.4% during the fourth quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after acquiring an additional 665 shares during the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.

About AMREP

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.