AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 5,000 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 20th. The stock was purchased at an average cost of $24.50 per share, with a total value of $122,500.00. Following the acquisition, the insider directly owned 493,133 shares of the company’s stock, valued at $12,081,758.50. This trade represents a 1.02% increase in their position. The transaction was disclosed in a filing 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 sales and purchases with the SEC.

AMREP Trading Down 0.4%

Shares of AXR opened at $25.83 on Friday. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.00. The firm has a 50-day moving average price of $26.93 and a 200 day moving average price of $23.50. The firm has a market capitalization of $137.00 million, a P/E ratio of 10.76 and a beta of 1.15.

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

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Freedom Capital lowered shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, AMREP currently has a consensus rating of “Hold”.

Institutional Trading of AMREP

Several hedge funds have recently made changes to their positions in AXR. AlphaCentric Advisors LLC acquired a new stake in shares of AMREP during the fourth quarter worth about $1,222,000. Mink Brook Asset Management LLC acquired a new stake in shares of AMREP during the third quarter worth about $1,196,000. Truffle Hound Capital LLC lifted its position in shares of AMREP by 31.0% during the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock worth $3,588,000 after purchasing an additional 35,476 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of AMREP during the third quarter worth about $453,000. Finally, Crossingbridge Advisors LLC lifted its position in shares of AMREP by 30.0% during the fourth quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

AMREP Company Profile

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.