AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Acquires 2,400 Shares

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl acquired 2,400 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were purchased at an average price of $21.82 per share, with a total value of $52,368.00. Following the completion of the purchase, the insider now owns 361,207 shares in the company, valued at approximately $7,881,536.74. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Trading Up 2.7 %

NYSE:AXR opened at $22.17 on Friday. AMREP Co. has a 12 month low of $13.46 and a 12 month high of $24.36. The stock has a 50 day moving average of $22.05 and a two-hundred day moving average of $20.00. The firm has a market cap of $116.84 million, a P/E ratio of 41.06 and a beta of 0.99.

AMREP (NYSE:AXR) last posted its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 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 during the quarter.

Institutional Investors Weigh In On AMREP

A number of large investors have recently made changes to their positions in AXR. AJOVista LLC purchased a new stake in shares of AMREP in the fourth quarter valued at approximately $29,000. Royal Bank of Canada grew its position in shares of AMREP by 11.1% in the third quarter. Royal Bank of Canada now owns 9,000 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 900 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in shares of AMREP in the fourth quarter valued at approximately $119,000. Northern Trust Corp purchased a new stake in shares of AMREP in the second quarter valued at approximately $198,000. Finally, Geode Capital Management LLC grew its position in shares of AMREP by 33.6% in the second quarter. Geode Capital Management LLC now owns 26,850 shares of the business services provider’s stock valued at $482,000 after purchasing an additional 6,757 shares in the last quarter. 59.85% of the stock is currently 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.