AMREP Co. (NYSE:AXR) VP Adrienne Uleau Sells 1,833 Shares

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the business’s stock in a transaction on Tuesday, April 23rd. The stock was sold at an average price of $21.12, for a total transaction of $38,712.96. Following the completion of the transaction, the vice president now directly owns 7,867 shares in the company, valued at approximately $166,151.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Adrienne Uleau also recently made the following trade(s):

• On Thursday, April 25th, Adrienne Uleau sold 1,833 shares of AMREP stock. The stock was sold at an average price of $20.26, for a total transaction of $37,136.58.

AMREP Price Performance

Shares of AXR stock traded down $0.30 during mid-day trading on Thursday, hitting $20.40. The company had a trading volume of 8,388 shares, compared to its average volume of 7,226. The company has a market capitalization of $107.51 million, a P/E ratio of 38.33 and a beta of 0.99. The stock’s 50 day moving average price is $22.06 and its 200-day moving average price is $20.15. AMREP Co. has a 52-week low of $13.46 and a 52-week high of $24.36.

AMREP (NYSE:AXR) last released its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $12.69 million for the quarter. AMREP had a net margin of 6.43% and a return on equity of 2.54%.

Institutional Investors Weigh In On AMREP

Hedge funds have recently bought and sold shares of the business. Cerity Partners LLC purchased a new stake in AMREP during the fourth quarter valued at $2,529,000. Gate City Capital Management LLC purchased a new stake in AMREP during the fourth quarter valued at $9,505,000. Victory Capital Management Inc. purchased a new stake in shares of AMREP in the fourth quarter valued at $119,000. AJOVista LLC purchased a new stake in shares of AMREP in the fourth quarter valued at $29,000. Finally, Acuitas Investments LLC raised its stake in shares of AMREP by 210.9% in the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after acquiring an additional 65,184 shares during the period. Hedge funds and other institutional investors own 59.85% of the company’s stock.

About AMREP

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.