James Dahl Buys 5,000 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 5,000 shares of AMREP stock in a transaction that occurred on Thursday, February 26th. The stock was acquired at an average cost of $25.67 per share, with a total value of $128,350.00. Following the completion of the purchase, the insider owned 465,198 shares in the company, valued at approximately $11,941,632.66. This represents a 1.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Stock Performance

AMREP stock opened at $24.72 on Friday. AMREP Corporation has a twelve month low of $17.60 and a twelve month high of $28.71. The firm has a market cap of $131.28 million, a PE ratio of 12.68 and a beta of 1.44. The firm’s 50 day moving average price is $21.67 and its two-hundred day moving average price is $22.16.

AMREP (NYSE:AXR) last issued its earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.22). AMREP had a net margin of 22.86% and a return on equity of 7.98%. The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $14.97 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, AMREP presently has a consensus rating of “Hold”.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AXR. Peapod Lane Capital LLC lifted its holdings in AMREP by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider’s stock worth $1,094,000 after purchasing an additional 503 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of AMREP by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after purchasing an additional 527 shares during the period. Geode Capital Management LLC lifted its stake in shares of AMREP by 1.7% in the second quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider’s stock worth $703,000 after buying an additional 574 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of AMREP by 65.0% during the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after buying an additional 650 shares during the period. Finally, Cerity Partners LLC grew its stake in AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock valued at $3,178,000 after buying an additional 665 shares during the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

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.