AMREP (NYSE:AXR) Major Shareholder Acquires $83,550.00 in Stock

Key Points

• James Dahl, a major shareholder, bought 3,000 AMREP shares at an average of $27.85 for a total of $83,550, raising his stake to 486,977 shares (≈$13.56M) — the purchase was disclosed in an SEC filing.
• AXR traded up to $27.70 on Friday with volume (18,079) above its average, and the stock shows a market cap of $147.08M, a P/E of 11.54, and a 52-week range of $17.61–$29.00.
• Wall Street consensus is a Hold (two recent analyst actions shifted ratings), and institutional investors own about 59.85% of the company with several funds recently adding or increasing positions.

AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl acquired 3,000 shares of the stock in a transaction on Friday, May 1st. The shares were acquired at an average price of $27.85 per share, for a total transaction of $83,550.00. Following the acquisition, the insider owned 486,977 shares of the company's stock, valued at approximately $13,562,309.45. The trade was a 0.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

AMREP Stock Up 0.5%

AXR traded up $0.15 during trading on Friday, hitting $27.70. 18,079 shares of the company's stock were exchanged, compared to its average volume of 8,862. The business's 50 day moving average is $26.87 and its two-hundred day moving average is $23.31. AMREP Corporation has a fifty-two week low of $17.61 and a fifty-two week high of $29.00. The stock has a market cap of $147.08 million, a P/E ratio of 11.54 and a beta of 1.23.

AMREP (NYSE:AXR - Get Free Report) last released its quarterly earnings data 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 net margin of 24.40% and a return on equity of 9.58%. The firm had revenue of $14.57 million for the quarter, compared to the consensus estimate of $14.03 million.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Freedom Capital lowered shares of AMREP from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded shares of AMREP to a "hold" rating in a research note on Saturday, April 18th. Two equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has an average rating of "Hold".

Institutional Trading of AMREP

Several institutional investors have recently made changes to their positions in AXR. Mink Brook Asset Management LLC bought a new position in AMREP during the third quarter valued at about $1,196,000. 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 valued at $3,588,000 after buying an additional 35,476 shares during the period. Acadian Asset Management LLC bought a new position in AMREP during the first quarter valued at about $46,000. Peapod Lane Capital LLC grew its position in AMREP by 1.1% during the third quarter. Peapod Lane Capital LLC now owns 45,732 shares of the business services provider's stock valued at $1,094,000 after buying an additional 503 shares during the period. Finally, AlphaCentric Advisors LLC bought a new position in AMREP during the fourth quarter valued at about $1,222,000. 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.

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