AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl acquired 4,621 shares of AMREP stock in a transaction dated Tuesday, May 7th. The shares were purchased at an average cost of $20.60 per share, with a total value of $95,192.60. Following the completion of the transaction, the insider now directly owns 380,828 shares of the company’s stock, valued at $7,845,056.80. The acquisition was disclosed in a 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 Trading Up 0.3 %
Shares of AXR stock traded up $0.07 on Wednesday, hitting $20.61. 2,963 shares of the stock were exchanged, compared to its average volume of 7,065. The business has a 50-day moving average of $21.96 and a 200 day moving average of $20.42. AMREP Co. has a fifty-two week low of $13.46 and a fifty-two week high of $24.36. The firm has a market capitalization of $108.64 million, a P/E ratio of 38.17 and a beta of 1.04.
AMREP (NYSE:AXR – Get Free Report) last issued its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The firm had revenue of $12.69 million during the quarter.
Institutional Inflows and Outflows
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.
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