AMREP Co. (NYSE:AXR - Get Free Report) major shareholder James H. Dahl bought 1,800 shares of the firm's stock in a transaction dated Thursday, April 11th. The stock was acquired at an average cost of $21.99 per share, with a total value of $39,582.00. Following the transaction, the insider now owns 358,665 shares of the company's stock, valued at $7,887,043.35. The purchase was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.
AMREP Trading Down 1.8 %
Shares of AMREP stock opened at $21.54 on Friday. AMREP Co. has a 1 year low of $13.46 and a 1 year high of $24.36. The company has a market cap of $113.53 million, a P/E ratio of 39.89 and a beta of 0.99. The stock has a 50-day moving average price of $21.98 and a 200 day moving average price of $19.83.
AMREP (NYSE:AXR - Get Free Report) last posted its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. The business had revenue of $12.69 million during the quarter. AMREP had a net margin of 6.43% and a return on equity of 2.54%.
Institutional Investors Weigh In On AMREP
Healthcare Takes A Big Step Forward With The Help Of AI
From The Bull Report | Ad
The average doctor can diagnose an illness correctly 50-90% of the time.
But one innovative company's medical AI gets it right 92%+.
Click here to see why this small company is trusted by the Mayo Clinic
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in AXR. Royal Bank of Canada increased its position in AMREP by 11.1% in the 3rd quarter. Royal Bank of Canada now owns 9,000 shares of the business services provider's stock worth $102,000 after purchasing an additional 900 shares during the last quarter. AJOVista LLC acquired a new position in AMREP in the fourth quarter worth approximately $29,000. Dimensional Fund Advisors LP raised its position in AMREP by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider's stock valued at $2,912,000 after acquiring an additional 1,394 shares in the last quarter. Bridgeway Capital Management LLC lifted its stake in AMREP by 2.1% in the fourth quarter. Bridgeway Capital Management LLC now owns 150,872 shares of the business services provider's stock valued at $3,315,000 after acquiring an additional 3,072 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its stake in AMREP by 3.5% in the first quarter. Renaissance Technologies LLC now owns 119,800 shares of the business services provider's stock valued at $1,676,000 after acquiring an additional 4,000 shares during the last quarter. Hedge funds and other institutional investors own 59.85% of the company's stock.
About AMREP
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
