AMREP Corporation (NYSE:AXR – Get Free Report) major shareholder James Dahl purchased 3,075 shares of the stock in a transaction dated Monday, June 22nd. The shares were bought at an average cost of $25.58 per share, for a total transaction of $78,658.50. Following the completion of the purchase, the insider owned 501,708 shares in the company, valued at approximately $12,833,690.64. This trade represents a 0.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
AMREP Stock Up 0.2%
Shares of AXR opened at $25.93 on Friday. The company has a 50-day simple moving average of $26.22 and a 200-day simple moving average of $24.29. The company has a market capitalization of $137.53 million, a PE ratio of 10.80 and a beta of 1.11. AMREP Corporation has a 52-week low of $17.61 and a 52-week high of $29.01.
Institutional Investors Weigh In On AMREP
Large investors have recently added to or reduced their stakes in the business. Robotti Robert raised its position in AMREP by 0.8% during the fourth quarter. Robotti Robert now owns 521,765 shares of the business services provider’s stock worth $9,809,000 after acquiring an additional 4,327 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of AMREP by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 195,226 shares of the business services provider’s stock valued at $3,670,000 after purchasing an additional 527 shares during the last quarter. Cerity Partners LLC increased its stake in shares of AMREP by 0.4% during the 4th quarter. Cerity Partners LLC now owns 169,022 shares of the business services provider’s stock worth $3,178,000 after purchasing an additional 665 shares in the last quarter. AlphaCentric Advisors LLC purchased a new position in shares of AMREP during the 4th quarter worth approximately $1,222,000. Finally, Crossingbridge Advisors LLC raised its position in shares of AMREP by 30.0% during the 4th quarter. Crossingbridge Advisors LLC now owns 65,000 shares of the business services provider’s stock worth $1,222,000 after purchasing an additional 15,000 shares during the last quarter. 59.85% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
View Our Latest Analysis on AMREP
About AMREP
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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