James H. Dahl buys 5,000 shares of AMREP Co. (NYSE:AXR)

Major shareholder James H. Dahl of AMREP Co. (NYSE:AXR – Get Free Report) purchased 5,000 shares of the company’s stock in a transaction on Monday, April 29. The shares were purchased at an average price of $21.04 per share, for a total transaction of $105,200.00. Following the completion of the purchase, the insider now directly owns 366,207 shares of the company’s stock, valued at approximately $7,704,995.28. The transaction was disclosed in a filing with the SEC, which can be accessed via this link. Large shareholders who own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

AMREP stock performance

Shares of AXR opened at $20.60 on Thursday. The stock’s fifty-day moving average is $22.01 and its 200-day moving average is $20.28. The company has a market cap of $108.56 million, a price-to-earnings ratio of 38.15 and a beta of 0.99. AMREP Co. has a one-year low of $13.46 and a one-year high of $24.36.

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

Hedge funds weigh on AMREP

Institutional investors have recently been buying and selling shares of the stock. AJOVista LLC purchased a new position in AMREP in the 4th quarter valued at approximately $29,000. Victory Capital Management Inc. acquired a new stake in AMREP worth approximately $119,000 during the fourth quarter. Acuitas Investments LLC strengthened its position in AMREP by 210.9% during the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 65,184 shares during the period. Cerity Partners LLC acquired a new stake in AMREP during the fourth quarter valued at approximately $2,529,000. Finally, Gate City Capital Management LLC acquired a new stake in AMREP in the fourth quarter valued at approximately $9,505,000. Hedge funds and other institutional investors own 59.85% of the company’s shares.

AMREP company profile

(Get a free report)

AMREP Corporation, through its subsidiaries, is primarily engaged in the real estate industry. The company operates through two segments: Land Development and Residential Construction. It sells developed and undeveloped lots to homebuilders, commercial and industrial real estate developers and others. In addition, the Company owns mineral interests covering approximately 55,000 acres of land in Sandoval County, New Mexico; and owns oil, gas, and mineral and mineral interests covering approximately 400 acres (147 hectares) of land in Brighton, Colorado.

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