AMREP Co. (NYSE:AXR) Major Shareholder James H. Dahl Acquires 10,000 Shares

AMREP Co. (NYSE:AXR) major shareholder James H. Dahl bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was purchased at an average cost of $18.88 per share, with a total value of $188,800.00. Following the acquisition, the insider now directly owns 398,428 shares in the company, valued at approximately $7,522,320.64. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

AMREP Stock Up 7.7 %

Shares of AXR stock opened at $17.77 on Wednesday. The stock has a market cap of $93.65 million, a P/E ratio of 32.91 and a beta of 1.02. AMREP Co. has a 52 week low of $15.38 and a 52 week high of $24.36. The company’s fifty day simple moving average is $20.68 and its two-hundred day simple moving average is $21.23.

Institutional Trading of AMREP

Hedge funds have recently bought and sold shares of the stock. AJOVista LLC purchased a new stake in AMREP in the 4th quarter worth $29,000. Victory Capital Management Inc. purchased a new stake in shares of AMREP during the 4th quarter valued at about $119,000. Empowered Funds LLC raised its position in shares of AMREP by 8.0% during the 1st quarter. Empowered Funds LLC now owns 37,772 shares of the business services provider’s stock valued at $878,000 after buying an additional 2,800 shares in the last quarter. Acuitas Investments LLC raised its position in shares of AMREP by 210.9% during the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after buying an additional 65,184 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of AMREP during the 4th quarter valued at about $2,529,000. Hedge funds and other 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.