James Dahl Purchases 5,000 Shares of AMREP (NYSE:AXR) Stock

Key Points

• James Dahl, a major shareholder, bought 5,000 shares of AMREP (NYSE:AXR) on April 29 at an average price of $27.74 for $138,700, raising his holdings to 483,977 shares (a 1.04% ownership increase) — the purchase was disclosed in an SEC filing.
• AMREP shares were trading around $27.70 (52-week range $17.61–$29.00) with a market cap of about $147.1M and a P/E of 11.54; the company beat quarterly estimates with EPS of $0.58 on $14.57M revenue, while analysts’ consensus rating is currently “Hold.”

AMREP Corporation (NYSE:AXR - Get Free Report) major shareholder James Dahl purchased 5,000 shares of the business's stock in a transaction on Wednesday, April 29th. The shares were bought at an average cost of $27.74 per share, for a total transaction of $138,700.00. Following the purchase, the insider owned 483,977 shares of the company's stock, valued at $13,425,521.98. This trade represents a 1.04% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

AMREP Price Performance

NYSE AXR traded up $0.15 during trading hours on Friday, hitting $27.70. The company had a trading volume of 18,079 shares, compared to its average volume of 8,862. AMREP Corporation has a fifty-two week low of $17.61 and a fifty-two week high of $29.00. The company has a market capitalization of $147.08 million, a price-to-earnings ratio of 11.54 and a beta of 1.23. The firm's 50 day moving average is $26.87 and its 200 day moving average is $23.31.

AMREP (NYSE:AXR - Get Free Report) last released its quarterly earnings results on Thursday, March 12th. The business services provider reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.01. The firm had revenue of $14.57 million for 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 Ratings Changes

Several research analysts have weighed in on AXR shares. Wall Street Zen raised shares of AMREP to a "hold" rating in a report on Saturday, April 18th. Freedom Capital lowered shares of AMREP from a "strong-buy" rating to a "hold" rating in a report on Tuesday, April 7th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold".

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Peapod Lane Capital LLC boosted its holdings in shares of AMREP by 1.1% in the 3rd 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. Dimensional Fund Advisors LP boosted its holdings in shares of AMREP by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider's stock valued at $3,670,000 after buying an additional 527 shares during the period. Geode Capital Management LLC boosted its holdings in shares of AMREP by 1.7% in the 2nd quarter. Geode Capital Management LLC now owns 33,566 shares of the business services provider's stock valued at $703,000 after buying an additional 574 shares during the period. NBC Securities Inc. boosted its holdings in shares of AMREP by 65.0% in the 4th quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider's stock valued at $31,000 after buying an additional 650 shares during the period. Finally, Cerity Partners LLC boosted its holdings in shares of AMREP by 0.4% in the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider's stock valued at $3,178,000 after buying an additional 665 shares during the period. 59.85% of the stock is owned by institutional investors and hedge funds.

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.

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