Insider Buying: AMREP (NYSE:AXR) Major Shareholder Purchases $51,960.00 in Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl purchased 2,000 shares of the business’s stock in a transaction dated Friday, February 27th. The stock was bought at an average cost of $25.98 per share, with a total value of $51,960.00. Following the completion of the acquisition, the insider directly owned 467,198 shares of the company’s stock, valued at approximately $12,137,804.04. This trade represents a 0.43% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Stock Performance

NYSE:AXR opened at $24.72 on Monday. The business’s fifty day moving average is $21.67 and its 200 day moving average is $22.16. The firm has a market cap of $131.16 million, a price-to-earnings ratio of 12.68 and a beta of 1.44. AMREP Corporation has a 52-week low of $17.60 and a 52-week high of $28.71.

AMREP (NYSE:AXR) last issued its earnings results on Friday, December 12th. The business services provider reported $0.22 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.22). The company had revenue of $9.40 million during the quarter, compared to the consensus estimate of $14.97 million. AMREP had a return on equity of 7.98% and a net margin of 22.86%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Institutional Trading of AMREP

Institutional investors and hedge funds have recently modified their holdings of the business. Gate City Capital Management LLC boosted its position in shares of AMREP by 271.0% during the 2nd quarter. Gate City Capital Management LLC now owns 103,583 shares of the business services provider’s stock valued at $2,168,000 after acquiring an additional 75,661 shares during the last quarter. Crossingbridge Advisors LLC raised its stake in AMREP by 17.6% in the second quarter. Crossingbridge Advisors LLC now owns 50,000 shares of the business services provider’s stock valued at $1,046,000 after purchasing an additional 7,500 shares in the last quarter. Truffle Hound Capital LLC lifted its position in AMREP by 129.0% during the second quarter. Truffle Hound Capital LLC now owns 114,524 shares of the business services provider’s stock valued at $2,397,000 after purchasing an additional 64,524 shares during the last quarter. Barclays PLC lifted its position in AMREP by 781.7% during the fourth quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after purchasing an additional 2,478 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in AMREP by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock worth $3,670,000 after buying an additional 527 shares in the last quarter. Hedge funds and other institutional investors own 59.85% of the company’s stock.

AMREP Company Profile

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.