Dimensional Fund Advisors LP Sells 1,039 Shares of AMREP Co. (NYSE:AXR)

Dimensional Fund Advisors LP decreased its position in shares of AMREP Co. (NYSE:AXR) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 170,594 shares of the business services provider’s stock after selling 1,039 shares during the period. Dimensional Fund Advisors LP owned 3.24% of AMREP worth $3,226,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC increased its stake in shares of AMREP by 8.0% in the first 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 in the last quarter. 59.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of AMREP from a “hold” rating to a “buy” rating in a research note on Monday, September 16th.

Insider Transactions at AMREP

In other news, major shareholder James H. Dahl acquired 3,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average price of $30.75 per share, for a total transaction of $92,250.00. Following the completion of the transaction, the insider now directly owns 430,774 shares in the company, valued at approximately $13,246,300.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other AMREP news, major shareholder James H. Dahl purchased 3,000 shares of AMREP stock in a transaction that occurred on Tuesday, September 24th. The shares were bought at an average price of $30.75 per share, for a total transaction of $92,250.00. Following the completion of the transaction, the insider now owns 430,774 shares of the company’s stock, valued at approximately $13,246,300.50. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder James H. Dahl acquired 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was acquired at an average cost of $25.60 per share, with a total value of $256,000.00. Following the completion of the purchase, the insider now directly owns 415,642 shares in the company, valued at approximately $10,640,435.20. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 25,800 shares of company stock valued at $671,560. 37.00% of the stock is currently owned by corporate insiders.

AMREP Stock Up 0.2 %

Shares of AMREP stock opened at $29.65 on Friday. The company has a market capitalization of $156.29 million, a price-to-earnings ratio of 54.91 and a beta of 0.89. The stock’s 50-day simple moving average is $24.89 and its 200-day simple moving average is $22.24. AMREP Co. has a 52 week low of $15.38 and a 52 week high of $31.26.

AMREP (NYSE:AXR) last posted its quarterly earnings results on Friday, September 13th. The business services provider reported $0.76 earnings per share for the quarter. AMREP had a return on equity of 8.05% and a net margin of 15.64%. The business had revenue of $19.09 million during the quarter.

About AMREP

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.