AMREP Co. (NYSE:AXR) Major Shareholder Acquires $52,368.00 in Stock

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

AMREP Stock Performance

NYSE:AXR opened at $21.00 on Friday. The company has a fifty day moving average of $22.06 and a two-hundred day moving average of $20.06. The stock has a market capitalization of $110.67 million, a PE ratio of 38.89 and a beta of 0.99. AMREP Co. has a fifty-two week low of $13.46 and a fifty-two week high of $24.36.

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

Institutional Investors Weigh In On AMREP

A number of hedge funds have recently modified their holdings of the business. Gate City Capital Management LLC acquired a new stake in shares of AMREP in the fourth quarter valued at about $9,505,000. Vanguard Group Inc. raised its position in shares of AMREP by 17.4% in the third quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider’s stock valued at $1,967,000 after buying an additional 25,857 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of AMREP by 3.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 172,162 shares of the business services provider’s stock valued at $3,782,000 after buying an additional 5,539 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of AMREP by 2.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 150,872 shares of the business services provider’s stock valued at $3,315,000 after buying an additional 3,072 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in AMREP by 3.5% during the first quarter. Renaissance Technologies LLC now owns 119,800 shares of the business services provider’s stock worth $1,676,000 after purchasing an additional 4,000 shares during the last quarter. 59.85% of the stock is currently owned by institutional investors and hedge funds.

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.