AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Purchases 10,000 Shares

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl bought 10,000 shares of AMREP stock in a transaction that occurred on Friday, May 3rd. The shares were bought at an average cost of $20.95 per share, with a total value of $209,500.00. Following the acquisition, the insider now directly owns 376,207 shares in the company, valued at approximately $7,881,536.65. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

AMREP Stock Up 2.2 %

AMREP stock opened at $20.54 on Wednesday. The company’s 50-day moving average price is $21.96 and its two-hundred day moving average price is $20.42. The stock has a market cap of $108.25 million, a P/E ratio of 38.04 and a beta of 1.04. AMREP Co. has a twelve month low of $13.46 and a twelve month high of $24.36.

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

Hedge Funds Weigh In On AMREP

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

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.