AMREP (NYSE:AXR) Major Shareholder Buys $28,576.32 in Stock

AMREP Corporation (NYSE:AXRGet Free Report) major shareholder James Dahl bought 1,156 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average price of $24.72 per share, with a total value of $28,576.32. Following the completion of the purchase, the insider directly owned 488,133 shares of the company’s stock, valued at approximately $12,066,647.76. This trade represents a 0.24% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP Price Performance

AMREP stock opened at $25.09 on Monday. AMREP Corporation has a 12-month low of $17.61 and a 12-month high of $29.00. The company has a market capitalization of $133.23 million, a price-to-earnings ratio of 10.45 and a beta of 1.15. The firm’s fifty day moving average price is $26.81 and its 200 day moving average price is $23.40.

AMREP (NYSE:AXRGet Free Report) last posted its quarterly earnings data on Thursday, March 12th. The business services provider reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. AMREP had a net margin of 24.40% and a return on equity of 9.58%. The company had revenue of $14.57 million during the quarter, compared to analysts’ expectations of $14.03 million.

Hedge Funds Weigh In On AMREP

Hedge funds have recently bought and sold shares of the company. NBC Securities Inc. raised its stake in AMREP by 65.0% during the fourth quarter. NBC Securities Inc. now owns 1,650 shares of the business services provider’s stock valued at $31,000 after buying an additional 650 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of AMREP in the 1st quarter worth approximately $46,000. Barclays PLC increased its holdings in shares of AMREP by 781.7% in 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 last quarter. Jane Street Group LLC increased its holdings in shares of AMREP by 42.1% in the 1st quarter. Jane Street Group LLC now owns 10,394 shares of the business services provider’s stock valued at $208,000 after acquiring an additional 3,077 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in shares of AMREP during the 3rd quarter valued at approximately $453,000. 59.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AXR shares. Freedom Capital lowered AMREP from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded AMREP from a “hold” rating to a “buy” rating in a research note on Saturday, May 2nd. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of “Hold”.

Check Out Our Latest Stock Analysis on AMREP

AMREP Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for AMREP (NYSE:AXR)

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