AMREP (NYSE:AXR) Major Shareholder James Dahl Acquires 4,000 Shares of Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl bought 4,000 shares of AMREP stock in a transaction on Thursday, March 26th. The shares were purchased at an average cost of $26.30 per share, for a total transaction of $105,200.00. Following the completion of the purchase, the insider directly owned 474,398 shares of the company’s stock, valued at $12,476,667.40. This trade represents a 0.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Price Performance

NYSE:AXR opened at $25.59 on Friday. The company’s 50-day moving average is $24.24 and its two-hundred day moving average is $22.77. AMREP Corporation has a 1-year low of $17.60 and a 1-year high of $29.00. The firm has a market capitalization of $135.86 million, a price-to-earnings ratio of 10.66 and a beta of 1.41.

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

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On AMREP

A number of hedge funds have recently made changes to their positions in the stock. Gate City Capital Management LLC raised its position in AMREP by 271.0% in the second quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider’s stock valued at $2,168,000 after purchasing an additional 75,661 shares during the period. AlphaCentric Advisors LLC acquired a new position in AMREP during the fourth quarter worth $1,222,000. Mink Brook Asset Management LLC purchased a new position in shares of AMREP during the third quarter worth $1,196,000. Truffle Hound Capital LLC grew its stake in shares of AMREP by 31.0% in the third quarter. Truffle Hound Capital LLC now owns 150,000 shares of the business services provider’s stock valued at $3,588,000 after buying an additional 35,476 shares in the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of AMREP in the third quarter valued at $453,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.

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.