James H. Dahl Acquires 3,000 Shares of AMREP Co. (NYSE:AXR) Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl acquired 3,000 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was purchased at an average price of $30.75 per share, with a total value of $92,250.00. Following the purchase, the insider now owns 430,774 shares in the company, valued at approximately $13,246,300.50. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AMREP Trading Up 1.0 %

AMREP stock opened at $30.60 on Thursday. The business’s 50 day simple moving average is $23.52 and its 200 day simple moving average is $21.77. AMREP Co. has a 12 month low of $15.38 and a 12 month high of $31.19. The company has a market cap of $161.87 million, a price-to-earnings ratio of 56.67 and a beta of 0.87.

AMREP (NYSE:AXR) last announced its quarterly earnings data on Friday, September 13th. The business services provider reported $0.76 earnings per share (EPS) for the quarter. The business had revenue of $19.09 million for the quarter. AMREP had a return on equity of 8.05% and a net margin of 15.64%.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research report on Monday, September 16th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in shares of AMREP by 2.1% in the second quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock worth $2,336,000 after buying an additional 2,514 shares in the last quarter. Empowered Funds LLC increased its holdings in AMREP by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after acquiring an additional 2,800 shares during the period. Victory Capital Management Inc. purchased a new stake in AMREP in the 4th quarter worth approximately $119,000. Finally, Gate City Capital Management LLC purchased a new position in shares of AMREP during the 4th quarter valued at $9,505,000. 59.85% of the stock is currently owned by hedge funds and other institutional investors.

AMREP Company Profile

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.