James H. Dahl Buys 1,800 Shares of AMREP Co. (NYSE:AXR) Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl acquired 1,800 shares of the stock in a transaction dated Friday, October 4th. The stock was bought at an average price of $29.95 per share, with a total value of $53,910.00. Following the purchase, the insider now directly owns 434,574 shares in the company, valued at $13,015,491.30. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

AMREP Stock Performance

Shares of AXR opened at $29.53 on Tuesday. The firm has a market capitalization of $155.65 million, a P/E ratio of 54.69 and a beta of 0.89. AMREP Co. has a 52 week low of $15.38 and a 52 week high of $31.26. The stock has a 50 day moving average price of $24.62 and a two-hundred day moving average price of $22.08.

AMREP (NYSE:AXR) last announced its quarterly earnings results on Friday, September 13th. The business services provider reported $0.76 earnings per share (EPS) for the quarter. AMREP had a return on equity of 8.05% and a net margin of 15.64%. The business had revenue of $19.09 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded AMREP from a “hold” rating to a “buy” rating in a report on Monday, September 16th.

Institutional Trading of AMREP

Several institutional investors and hedge funds have recently made changes to their positions in AXR. Empowered Funds LLC grew its position in AMREP by 8.0% in the 1st quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock worth $878,000 after purchasing an additional 2,800 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of AMREP by 2.1% in the second quarter. Renaissance Technologies LLC now owns 123,514 shares of the business services provider’s stock valued at $2,336,000 after acquiring an additional 2,514 shares in the last quarter. Finally, Gate City Capital Management LLC purchased a new stake in shares of AMREP during the fourth quarter valued at approximately $9,505,000. Hedge funds and other institutional investors own 59.85% of the company’s stock.

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.