Insider Buying: AMREP Co. (NYSE:AXR) Major Shareholder Buys $71,995.00 in Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The shares were bought at an average price of $20.57 per share, for a total transaction of $71,995.00. Following the transaction, the insider now directly owns 343,565 shares in the company, valued at $7,067,132.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Stock Up 3.0 %

AMREP stock opened at $22.92 on Thursday. 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 is $21.72 and its 200 day moving average is $19.50. The company has a market capitalization of $120.79 million, a PE ratio of 42.45 and a beta of 0.98.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in shares of AMREP by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 162,368 shares of the business services provider’s stock valued at $2,912,000 after acquiring an additional 1,394 shares during the period. Vanguard Group Inc. raised its holdings in AMREP by 17.4% during the third quarter. Vanguard Group Inc. now owns 174,387 shares of the business services provider’s stock worth $1,967,000 after buying an additional 25,857 shares during the last quarter. Renaissance Technologies LLC raised its holdings in AMREP by 3.5% during the first quarter. Renaissance Technologies LLC now owns 119,800 shares of the business services provider’s stock worth $1,676,000 after buying an additional 4,000 shares during the last quarter. Geode Capital Management LLC raised its holdings in AMREP by 33.6% during the second quarter. Geode Capital Management LLC now owns 26,850 shares of the business services provider’s stock worth $482,000 after buying an additional 6,757 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in AMREP by 52.4% during the fourth quarter. Northern Trust Corp now owns 16,695 shares of the business services provider’s stock worth $367,000 after buying an additional 5,742 shares during the last quarter. Institutional investors and hedge funds own 59.85% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of AMREP from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th.

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.