Insider Buying: AMREP (NYSE:AXR) Major Shareholder Purchases $82,208.00 in Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 3,200 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was purchased at an average price of $25.69 per share, for a total transaction of $82,208.00. Following the acquisition, the insider directly owned 470,398 shares in the company, valued at $12,084,524.62. This represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

AMREP Price Performance

NYSE:AXR opened at $24.64 on Friday. The firm has a 50-day moving average of $22.31 and a two-hundred day moving average of $22.28. The stock has a market cap of $130.84 million, a P/E ratio of 12.64 and a beta of 1.41. AMREP Corporation has a 1-year low of $17.60 and a 1-year high of $28.71.

AMREP (NYSE:AXR) last announced its earnings results on Friday, December 12th. The business services provider reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.22). The business had revenue of $9.40 million for the quarter, compared to analysts’ expectations of $14.97 million. AMREP had a return on equity of 7.98% and a net margin of 22.86%.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On AMREP

Several institutional investors and hedge funds have recently made changes to their positions in AXR. Robotti Robert increased its stake in AMREP by 0.8% during the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock valued at $9,809,000 after buying an additional 4,327 shares during the period. Dimensional Fund Advisors LP increased its position in AMREP by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after purchasing an additional 527 shares during the last quarter. Cerity Partners LLC raised its stake in shares of AMREP by 0.4% during the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after purchasing an additional 665 shares in the last quarter. Truffle Hound Capital LLC lifted its holdings in shares of AMREP by 31.0% during the 3rd quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock valued at $3,588,000 after buying an additional 35,476 shares during the last quarter. Finally, Gate City Capital Management LLC lifted its holdings in shares of AMREP by 271.0% during the 2nd 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. 59.85% of the stock is owned by institutional investors and hedge funds.

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.