AMREP (NYSE:AXR) Major Shareholder James Dahl Acquires 5,000 Shares

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of $24.50 per share, with a total value of $122,500.00. Following the completion of the transaction, the insider directly owned 493,133 shares in the company, valued at $12,081,758.50. This trade represents a 1.02% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Price Performance

Shares of NYSE:AXR traded down $0.11 during trading on Friday, reaching $25.83. The company had a trading volume of 8,983 shares, compared to its average volume of 9,148. The firm has a market capitalization of $137.13 million, a price-to-earnings ratio of 10.76 and a beta of 1.15. The stock’s fifty day moving average price is $26.89 and its 200 day moving average price is $23.48. AMREP Corporation has a fifty-two week low of $17.61 and a fifty-two week high of $29.00.

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

Institutional Investors Weigh In On AMREP

A number of hedge funds and other institutional investors have recently bought and sold shares of AXR. Robotti Robert boosted its position in shares of AMREP by 0.8% during the 4th quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after purchasing an additional 4,327 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of AMREP by 0.3% in the fourth 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 during the period. Cerity Partners LLC boosted its holdings in AMREP by 0.4% during the fourth quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after buying an additional 665 shares in the last quarter. Truffle Hound Capital LLC grew its position in AMREP by 31.0% during the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock worth $3,588,000 after buying an additional 35,476 shares during the period. Finally, Crossingbridge Advisors LLC grew its position in AMREP by 30.0% during the fourth quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after buying an additional 15,000 shares during the period. Institutional investors and hedge funds own 59.85% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on AXR. Wall Street Zen raised shares of AMREP from a “hold” rating to a “buy” rating in a report on Saturday, May 2nd. Freedom Capital cut shares of AMREP from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, AMREP presently has a consensus 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.