AMREP (NYSE:AXR) Major Shareholder James Dahl Buys 4,000 Shares of Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 4,000 shares of the firm’s stock in a transaction on Thursday, March 26th. The shares were acquired at an average cost of $26.30 per share, with a total value of $105,200.00. Following the completion of the acquisition, the insider directly owned 474,398 shares in the company, valued at $12,476,667.40. The trade was a 0.85% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Performance

AXR opened at $25.59 on Friday. The business’s 50-day simple moving average is $24.24 and its 200-day simple moving average is $22.78. The company has a market cap of $135.86 million, a P/E ratio of 10.66 and a beta of 1.41. AMREP Corporation has a one year low of $17.60 and a one year high of $29.00.

AMREP (NYSE:AXR) last announced its quarterly earnings results 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. The company had revenue of $14.57 million for 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%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in AXR. Gate City Capital Management LLC lifted its stake in AMREP by 271.0% in the second quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider’s stock valued at $2,168,000 after buying an additional 75,661 shares during the last quarter. AlphaCentric Advisors LLC acquired a new position in shares of AMREP in the 4th quarter valued at $1,222,000. Mink Brook Asset Management LLC purchased a new stake in AMREP in the 3rd quarter valued at $1,196,000. Truffle Hound Capital LLC boosted its stake in AMREP by 31.0% during the 3rd 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 during the period. Finally, Citadel Advisors LLC acquired a new stake in AMREP during the 3rd quarter worth $453,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.