AMREP Co. (NYSE:AXR) Major Shareholder Purchases $256,000.00 in Stock

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl acquired 10,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were bought at an average cost of $25.60 per share, for a total transaction of $256,000.00. Following the acquisition, the insider now owns 415,642 shares in the company, valued at $10,640,435.20. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

AMREP Stock Down 1.9 %

AMREP stock opened at $24.24 on Monday. The business’s 50-day simple moving average is $20.54 and its 200 day simple moving average is $21.14. The stock has a market cap of $128.23 million, a price-to-earnings ratio of 44.89 and a beta of 0.91. AMREP Co. has a 12-month low of $15.38 and a 12-month high of $26.77.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of AMREP from a “sell” rating to a “hold” rating in a report on Wednesday, July 31st.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Gate City Capital Management LLC acquired a new position in AMREP in the fourth quarter valued at approximately $9,505,000. Cerity Partners LLC bought a new stake in shares of AMREP during the 4th quarter valued at $2,529,000. Acuitas Investments LLC lifted its stake in shares of AMREP by 210.9% in the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after purchasing an additional 65,184 shares during the period. Empowered Funds LLC boosted its position in shares of 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 during the last quarter. Finally, Victory Capital Management Inc. acquired a new stake in shares of AMREP during the fourth quarter worth $119,000. 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.