James Dahl Purchases 3,200 Shares of AMREP (NYSE:AXR) Stock

AMREP Corporation (NYSE:AXR) major shareholder James Dahl acquired 3,200 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were purchased at an average price of $25.69 per share, with a total value of $82,208.00. Following the acquisition, the insider owned 470,398 shares of the company’s stock, valued at approximately $12,084,524.62. This represents a 0.68% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Down 2.1%

AXR stock opened at $25.16 on Friday. The stock’s 50 day moving average is $22.19 and its 200-day moving average is $22.26. AMREP Corporation has a twelve month low of $17.60 and a twelve month high of $28.71. The firm has a market capitalization of $133.60 million, a PE ratio of 12.90 and a beta of 1.41.

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of AMREP in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold”.

Institutional Investors Weigh In On AMREP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. increased its stake in shares of AMREP by 65.0% in the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock worth $31,000 after purchasing an additional 650 shares in the last quarter. Acadian Asset Management LLC purchased a new position in AMREP in the 1st quarter valued at approximately $46,000. Barclays PLC raised its holdings in AMREP by 781.7% during the 4th quarter. Barclays PLC now owns 2,795 shares of the business services provider’s stock valued at $53,000 after acquiring an additional 2,478 shares during the period. Jane Street Group LLC lifted its position in shares of AMREP by 42.1% during the first quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock worth $208,000 after acquiring an additional 3,077 shares in the last quarter. Finally, Citadel Advisors LLC bought a new position in shares of AMREP in the third quarter worth $453,000. 59.85% of the stock is currently owned by institutional investors.

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.