AMREP (NYSE:AXR) Stock Crosses Above 200 Day Moving Average of $19.82

AMREP Co. (NYSE:AXR)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.82 and traded as high as $22.00. AMREP shares last traded at $21.93, with a volume of 11,276 shares changing hands.

AMREP Price Performance

The firm has a market cap of $115.57 million, a PE ratio of 40.61 and a beta of 0.99. The stock has a 50-day moving average price of $21.94 and a 200 day moving average price of $19.82.

AMREP (NYSE:AXR) last announced its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 EPS 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.

Insider Buying and Selling at AMREP

In other news, major shareholder James H. Dahl purchased 1,800 shares of the stock in a transaction on Monday, January 22nd. The stock was purchased at an average price of $21.82 per share, with a total value of $39,276.00. Following the completion of the transaction, the insider now owns 290,135 shares in the company, valued at $6,330,745.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, major shareholder James H. Dahl purchased 1,800 shares of the stock in a transaction on Monday, January 22nd. The stock was purchased at an average price of $21.82 per share, with a total value of $39,276.00. Following the completion of the transaction, the insider now owns 290,135 shares in the company, valued at $6,330,745.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder James H. Dahl acquired 3,000 shares of AMREP stock in a transaction on Wednesday, April 3rd. The shares were bought at an average price of $22.20 per share, for a total transaction of $66,600.00. Following the purchase, the insider now owns 356,865 shares of the company’s stock, valued at $7,922,403. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 73,030 shares of company stock valued at $1,519,168. Company insiders own 37.00% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Royal Bank of Canada lifted its stake in shares of AMREP by 11.1% during the third quarter. Royal Bank of Canada now owns 9,000 shares of the business services provider’s stock worth $102,000 after purchasing an additional 900 shares in the last quarter. AJOVista LLC acquired a new position in shares of AMREP during the fourth quarter worth about $29,000. Dimensional Fund Advisors LP lifted its stake in shares of AMREP by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider’s stock worth $2,912,000 after purchasing an additional 1,394 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in shares of AMREP by 2.1% during the fourth quarter. Bridgeway Capital Management LLC now owns 150,872 shares of the business services provider’s stock worth $3,315,000 after purchasing an additional 3,072 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

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.