AMREP Co. (NYSE:AXR) Shares Bought by Acuitas Investments LLC

Acuitas Investments LLC grew its holdings in AMREP Co. (NYSE:AXR - Free Report) by 210.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 96,090 shares of the business services provider's stock after purchasing an additional 65,184 shares during the quarter. Acuitas Investments LLC owned 1.82% of AMREP worth $2,111,000 at the end of the most recent reporting period.

Separately, Cerity Partners LLC purchased a new position in AMREP in the fourth quarter worth approximately $2,529,000. Institutional investors own 59.85% of the company's stock.

AMREP Stock Up 1.8 %

AMREP stock traded up $0.37 during trading on Friday, reaching $20.77. The stock had a trading volume of 3,787 shares, compared to its average volume of 7,183. AMREP Co. has a 52-week low of $13.46 and a 52-week high of $24.36. The business has a 50 day moving average price of $22.03 and a 200 day moving average price of $20.17. The stock has a market cap of $109.46 million, a PE ratio of 38.46 and a beta of 0.99.

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

Insider Buying and Selling

In related news, major shareholder James H. Dahl acquired 44,551 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $20.00 per share, with a total value of $891,020.00. Following the completion of the acquisition, the insider now owns 334,686 shares in the company, valued at $6,693,720. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, major shareholder James H. Dahl acquired 44,551 shares of the business's stock in a transaction on Wednesday, January 31st. The shares were bought at an average price of $20.00 per share, with a total value of $891,020.00. Following the completion of the acquisition, the insider now owns 334,686 shares in the company, valued at $6,693,720. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Adrienne Uleau sold 1,833 shares of the firm's stock in a transaction that occurred on Thursday, April 25th. The stock was sold at an average price of $20.26, for a total transaction of $37,136.58. Following the sale, the vice president now directly owns 6,034 shares in the company, valued at approximately $122,248.84. The disclosure for this sale can be found here. Insiders bought 68,572 shares of company stock worth $1,421,451 over the last 90 days. 37.00% of the stock is owned by insiders.

AMREP Company Profile

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.