AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl bought 2,400 shares of the business’s stock in a transaction dated Thursday, April 18th. The stock was purchased at an average price of $21.82 per share, with a total value of $52,368.00. Following the purchase, the insider now directly owns 361,207 shares of the company’s stock, valued at approximately $7,881,536.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
AMREP Trading Down 5.9 %
NYSE:AXR opened at $20.87 on Friday. AMREP Co. has a 1 year low of $13.46 and a 1 year high of $24.36. The firm has a 50 day moving average of $22.06 and a 200-day moving average of $20.03. The stock has a market capitalization of $110.01 million, a P/E ratio of 38.65 and a beta of 0.99.
AMREP (NYSE:AXR – Get Free Report) last posted its earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. AMREP had a net margin of 6.43% and a return on equity of 2.54%. The company had revenue of $12.69 million during the quarter.
Institutional Inflows and Outflows
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.
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