AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 2,060 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 2,060 shares of the stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of $27.92 per share, with a total value of $57,515.20. Following the completion of the transaction, the insider directly owned 476,458 shares in the company, valued at approximately $13,302,707.36. The trade was a 0.43% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, 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

Shares of AXR opened at $27.82 on Friday. The stock has a market capitalization of $147.73 million, a PE ratio of 11.59 and a beta of 1.23. The company’s fifty day moving average is $24.77 and its 200 day moving average is $22.93. AMREP Corporation has a fifty-two week low of $17.60 and a fifty-two week high of $29.00.

AMREP (NYSE:AXR) last released its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 EPS for the quarter, beating the consensus estimate of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The business had revenue of $14.57 million during the quarter, compared to analyst estimates of $14.03 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of AXR. NBC Securities Inc. increased its position in AMREP by 65.0% during the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 650 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of AMREP during the 1st quarter worth about $46,000. Barclays PLC boosted its stake in shares of AMREP by 781.7% during the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock worth $53,000 after purchasing an additional 2,478 shares during the period. Jane Street Group LLC grew its holdings in AMREP by 42.1% during the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after purchasing an additional 3,077 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in AMREP during the 3rd quarter valued at about $453,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, AMREP currently has an average rating of “Hold”.

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.