James Dahl Purchases 2,060 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 2,060 shares of the stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average price of $27.92 per share, with a total value of $57,515.20. Following the completion of the acquisition, the insider owned 476,458 shares of the company’s stock, valued at approximately $13,302,707.36. This represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Stock Performance

Shares of AXR opened at $27.82 on Friday. The company has a market capitalization of $147.73 million, a price-to-earnings ratio of 11.59 and a beta of 1.23. The company’s 50 day simple moving average is $24.91 and its 200 day simple moving average is $22.96. AMREP Corporation has a 1 year low of $17.60 and a 1 year high of $29.00.

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

Hedge Funds Weigh In On AMREP

Several hedge funds and other institutional investors have recently made changes to their positions in AXR. NBC Securities Inc. increased its holdings in AMREP by 65.0% in the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 650 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of AMREP during the first quarter worth about $46,000. Barclays PLC lifted its stake in shares of AMREP by 781.7% during the fourth quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock worth $53,000 after purchasing an additional 2,478 shares in the last quarter. Jane Street Group LLC boosted its position in shares of AMREP by 42.1% in the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock worth $208,000 after buying an additional 3,077 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of AMREP in the third quarter worth about $453,000. Institutional investors and hedge funds own 59.85% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of AMREP in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, AMREP presently has an average rating of “Hold”.

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.