AMREP (NYSE:AXR) Major Shareholder James Dahl Purchases 2,060 Shares

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

AMREP Stock Down 0.8%

Shares of AMREP stock traded down $0.23 on Thursday, hitting $27.82. The stock had a trading volume of 4,998 shares, compared to its average volume of 7,449. AMREP Corporation has a one year low of $17.60 and a one year high of $29.00. The stock’s 50-day simple moving average is $24.64 and its two-hundred day simple moving average is $22.90. The stock has a market cap of $147.73 million, a price-to-earnings ratio of 11.59 and a beta of 1.23.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On AMREP

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

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.