AMREP (NYSE:AXR) Stock Crosses Above 200 Day Moving Average of $19.82

AMREP Co. (NYSE:AXR)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $19.82 and traded as high as $22.00. AMREP shares last traded at $21.93, with a volume of 11,276 shares trading hands.

AMREP Stock Performance

The company has a 50 day moving average price of $21.94 and a 200 day moving average price of $19.82. The firm has a market cap of $115.57 million, a price-to-earnings ratio of 40.61 and a beta of 0.99.

AMREP (NYSE:AXR) last announced its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The business had revenue of $12.69 million for the quarter.

Insider Activity

In other AMREP news, major shareholder James H. Dahl purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were acquired at an average price of $21.91 per share, with a total value of $153,370.00. Following the purchase, the insider now directly owns 288,335 shares in the company, valued at approximately $6,317,419.85. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, major shareholder James H. Dahl bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 18th. The shares were purchased at an average price of $21.91 per share, with a total value of $153,370.00. Following the purchase, the insider now owns 288,335 shares in the company, valued at $6,317,419.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder James H. Dahl bought 1,800 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were purchased at an average cost of $21.82 per share, for a total transaction of $39,276.00. Following the purchase, the insider now owns 290,135 shares in the company, valued at approximately $6,330,745.70. The disclosure for this purchase can be found here. Insiders have acquired a total of 73,030 shares of company stock valued at $1,519,168 in the last quarter. Insiders own 37.00% of the company’s stock.

Hedge Funds Weigh In On AMREP

Several hedge funds have recently bought and sold shares of the company. AJOVista LLC acquired a new stake in AMREP in the 4th quarter valued at about $29,000. Victory Capital Management Inc. acquired a new stake in AMREP in the 4th quarter valued at about $119,000. Royal Bank of Canada raised 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 valued at $102,000 after purchasing an additional 900 shares in the last quarter. Northern Trust Corp acquired a new stake in AMREP in the 2nd quarter valued at about $198,000. Finally, Geode Capital Management LLC raised its position in AMREP by 33.6% in the 2nd quarter. Geode Capital Management LLC now owns 26,850 shares of the business services provider’s stock valued at $482,000 after purchasing an additional 6,757 shares in the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

About AMREP

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.