AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Purchases 2,400 Shares

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl purchased 2,400 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average price of $21.82 per share, for a total transaction of $52,368.00. Following the purchase, the insider now directly owns 361,207 shares in the company, valued at $7,881,536.74. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

AMREP Price Performance

Shares of AXR stock traded up $0.58 during midday trading on Thursday, hitting $22.17. The company had a trading volume of 5,478 shares, compared to its average volume of 6,513. The company’s 50 day simple moving average is $22.03 and its 200 day simple moving average is $19.99. AMREP Co. has a 52-week low of $13.46 and a 52-week high of $24.36. The stock has a market cap of $116.84 million, a price-to-earnings ratio of 41.06 and a beta of 0.99.

AMREP (NYSE:AXR) last announced 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 company had revenue of $12.69 million for the quarter.

Hedge Funds Weigh In On AMREP

Hedge funds have recently bought and sold shares of the stock. AJOVista LLC purchased a new position in AMREP during the fourth quarter worth $29,000. Victory Capital Management Inc. purchased a new stake in shares of AMREP in the fourth quarter valued at $119,000. Royal Bank of Canada grew its position in shares of AMREP by 11.1% in the third quarter. Royal Bank of Canada now owns 9,000 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 900 shares during the period. Northern Trust Corp purchased a new stake in shares of AMREP in the second quarter valued at $198,000. Finally, Geode Capital Management LLC grew its position in shares of AMREP by 33.6% in the second quarter. Geode Capital Management LLC now owns 26,850 shares of the business services provider’s stock valued at $482,000 after purchasing an additional 6,757 shares during the period. Hedge funds and other institutional investors own 59.85% of the company’s stock.

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.