Gate City Capital Management LLC Takes Position in AMREP Co. (NYSE:AXR)

Gate City Capital Management LLC bought a new stake in shares of AMREP Co. (NYSE:AXRFree Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 432,638 shares of the business services provider’s stock, valued at approximately $9,505,000. AMREP accounts for approximately 9.1% of Gate City Capital Management LLC’s portfolio, making the stock its 6th largest holding. Gate City Capital Management LLC owned 8.21% of AMREP at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cerity Partners LLC acquired a new position in AMREP during the 4th quarter valued at about $2,529,000. Acuitas Investments LLC boosted its position in shares of AMREP by 210.9% during the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after buying an additional 65,184 shares during the last quarter. Victory Capital Management Inc. purchased a new position in shares of AMREP during the fourth quarter valued at approximately $119,000. Finally, AJOVista LLC bought a new stake in AMREP during the fourth quarter worth $29,000. 59.85% of the stock is owned by institutional investors.

AMREP Stock Up 1.0 %

NYSE:AXR traded up $0.22 during trading hours on Thursday, hitting $21.25. 4,993 shares of the company traded hands, compared to its average volume of 8,153. AMREP Co. has a one year low of $15.38 and a one year high of $24.36. The company has a market cap of $111.99 million, a PE ratio of 39.19 and a beta of 1.02. The firm’s 50-day simple moving average is $20.90 and its 200-day simple moving average is $21.14.

Insider Activity at AMREP

In other AMREP news, major shareholder James H. Dahl bought 3,200 shares of AMREP stock in a transaction dated Friday, May 10th. The stock was bought at an average cost of $20.97 per share, with a total value of $67,104.00. Following the completion of the acquisition, the insider now directly owns 384,028 shares in the company, valued at approximately $8,053,067.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, major shareholder James H. Dahl acquired 3,200 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $20.97 per share, for a total transaction of $67,104.00. Following the completion of the acquisition, the insider now owns 384,028 shares of the company’s stock, valued at approximately $8,053,067.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder James H. Dahl bought 10,000 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was bought at an average price of $20.95 per share, for a total transaction of $209,500.00. Following the completion of the purchase, the insider now owns 376,207 shares of the company’s stock, valued at $7,881,536.65. The disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 41,463 shares of company stock valued at $885,533 and have sold 5,366 shares valued at $111,193. 37.00% of the stock is owned by insiders.

AMREP Profile

(Free Report)

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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Institutional Ownership by Quarter for AMREP (NYSE:AXR)

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