AMREP Co. (NYSE:AXR - Get Free Report) major shareholder James H. Dahl bought 10,000 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $20.95 per share, for a total transaction of $209,500.00. Following the completion of the acquisition, the insider now directly owns 376,207 shares in the company, valued at approximately $7,881,536.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
AMREP Stock Performance
Shares of AXR stock opened at $20.10 on Tuesday. The company has a market capitalization of $105.93 million, a price-to-earnings ratio of 37.22 and a beta of 1.04. AMREP Co. has a 52 week low of $13.46 and a 52 week high of $24.36. The company has a 50-day simple moving average of $21.97 and a 200 day simple moving average of $20.39.
AMREP (NYSE:AXR - Get Free Report) last issued its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. The firm had revenue of $12.69 million for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%.
Institutional Inflows and Outflows
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Several hedge funds have recently made changes to their positions in the business. Cerity Partners LLC bought a new position in AMREP during the 4th quarter worth $2,529,000. Acuitas Investments LLC increased its position in shares of AMREP by 210.9% in the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider's stock worth $2,111,000 after purchasing an additional 65,184 shares during the period. Empowered Funds LLC grew its stake in AMREP by 8.0% during the first quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider's stock worth $878,000 after buying an additional 2,800 shares in the last quarter. Gate City Capital Management LLC bought a new position in AMREP in the 4th quarter valued at about $9,505,000. Finally, AJOVista LLC acquired a new position in shares of AMREP in the 4th quarter valued at approximately $29,000. 59.85% of the stock is owned by institutional investors.
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.
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