AMREP (NYSE:AXR) Major Shareholder James Dahl Acquires 1,156 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 1,156 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The shares were bought at an average cost of $24.72 per share, for a total transaction of $28,576.32. Following the transaction, the insider directly owned 488,133 shares of the company’s stock, valued at $12,066,647.76. This trade represents a 0.24% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Price Performance

AXR stock traded up $0.75 on Friday, reaching $25.09. 9,827 shares of the company were exchanged, compared to its average volume of 8,670. AMREP Corporation has a 12 month low of $17.61 and a 12 month high of $29.00. The stock’s fifty day moving average price is $26.81 and its 200 day moving average price is $23.40. The firm has a market capitalization of $133.23 million, a PE ratio of 10.45 and a beta of 1.15.

AMREP (NYSE:AXR) last announced its earnings results on Thursday, March 12th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The business had revenue of $14.57 million for the quarter, compared to analyst estimates of $14.03 million.

Institutional Investors Weigh In On AMREP

Several institutional investors and hedge funds have recently made changes to their positions in the company. Robotti Robert boosted its stake in shares of AMREP by 0.8% in the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock valued at $9,809,000 after purchasing an additional 4,327 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of AMREP by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after purchasing an additional 527 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock valued at $3,178,000 after purchasing an additional 665 shares in the last quarter. Truffle Hound Capital LLC boosted its stake in shares of AMREP by 31.0% in 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 purchasing an additional 35,476 shares in the last quarter. Finally, Crossingbridge Advisors LLC boosted its stake in shares of AMREP by 30.0% in the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock valued at $1,222,000 after purchasing an additional 15,000 shares in the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

Wall Street Analyst Weigh In

AXR has been the topic of a number of recent research reports. Freedom Capital downgraded shares of AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

About AMREP

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.