AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Purchases 3,000 Shares

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl bought 3,000 shares of the firm’s stock in a transaction on Wednesday, April 3rd. The stock was acquired at an average cost of $22.20 per share, with a total value of $66,600.00. Following the transaction, the insider now owns 356,865 shares in the company, valued at approximately $7,922,403. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Performance

Shares of NYSE:AXR opened at $22.00 on Friday. AMREP Co. has a fifty-two week low of $13.46 and a fifty-two week high of $24.36. The business has a 50-day simple moving average of $21.88 and a two-hundred day simple moving average of $19.72. The firm has a market cap of $115.94 million, a price-to-earnings ratio of 40.74 and a beta of 0.99.

AMREP (NYSE:AXR) last issued its earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share 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.

Institutional Investors Weigh In On AMREP

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gate City Capital Management LLC purchased a new stake in shares of AMREP during the 4th quarter valued at about $9,505,000. Bridgeway Capital Management LLC increased its position in shares of AMREP by 2.1% during the 4th quarter. Bridgeway Capital Management LLC now owns 150,872 shares of the business services provider’s stock valued at $3,315,000 after purchasing an additional 3,072 shares during the last quarter. Northern Trust Corp increased its position in shares of AMREP by 52.4% during the 4th quarter. Northern Trust Corp now owns 16,695 shares of the business services provider’s stock valued at $367,000 after purchasing an additional 5,742 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of AMREP by 3.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 172,162 shares of the business services provider’s stock valued at $3,782,000 after purchasing an additional 5,539 shares during the last quarter. Finally, AJOVista LLC purchased a new stake in shares of AMREP during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered AMREP from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

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.