AMREP Co. (NYSE:AXR) Major Shareholder Buys $105,200.00 in Stock

AMREP Co. (NYSE:AXR - Get Free Report) major shareholder James H. Dahl purchased 5,000 shares of the firm's stock in a transaction on Monday, April 29th. The stock was acquired at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the transaction, the insider now owns 366,207 shares of the company's stock, valued at approximately $7,704,995.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

AMREP Price Performance

Shares of NYSE:AXR traded up $0.15 on Tuesday, reaching $20.75. 1,573 shares of the company traded hands, compared to its average volume of 7,139. The stock has a market capitalization of $109.35 million, a PE ratio of 38.15 and a beta of 0.99. The company's 50 day moving average is $22.03 and its 200-day moving average is $20.25. AMREP Co. has a fifty-two week low of $13.46 and a fifty-two week high of $24.36.

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

Institutional Inflows and Outflows

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

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