AMREP Co. (NYSE:AXR) VP Sells $37,136.58 in Stock

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The shares were sold at an average price of $20.26, for a total value of $37,136.58. Following the sale, the vice president now owns 6,034 shares of the company’s stock, valued at approximately $122,248.84. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Adrienne Uleau also recently made the following trade(s):

• On Tuesday, April 23rd, Adrienne Uleau sold 1,833 shares of AMREP stock. The shares were sold at an average price of $21.12, for a total value of $38,712.96.

AMREP Price Performance

AXR opened at $20.77 on Friday. The stock has a market capitalization of $109.46 million, a PE ratio of 38.46 and a beta of 0.99. AMREP Co. has a 12-month low of $13.46 and a 12-month high of $24.36. The firm’s fifty day moving average price is $22.03 and its 200 day moving average price is $20.17.

AMREP (NYSE:AXR) last issued its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share 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 during the quarter.

Institutional Trading of AMREP

A number of institutional investors and hedge funds have recently modified their holdings of AXR. Gate City Capital Management LLC acquired a new position in AMREP in the fourth quarter valued at approximately $9,505,000. AJOVista LLC bought a new position in AMREP during the 4th quarter worth $29,000. Victory Capital Management Inc. bought a new position in AMREP during the 4th quarter worth $119,000. Acuitas Investments LLC lifted its stake in AMREP by 210.9% in the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after buying an additional 65,184 shares during the last quarter. Finally, Cerity Partners LLC acquired a new position in shares of AMREP during the fourth quarter valued at $2,529,000. 59.85% of the stock is owned by institutional investors and hedge funds.

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.