AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl bought 2,400 shares of the business’s stock in a transaction on Thursday, April 18th. The shares were bought at an average price of $21.82 per share, for a total transaction of $52,368.00. Following the completion of the acquisition, the insider now owns 361,207 shares of the company’s stock, valued at $7,881,536.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
AMREP Trading Up 2.7 %
NYSE AXR traded up $0.58 during trading on Thursday, hitting $22.17. 5,478 shares of the company traded hands, compared to its average volume of 6,513. AMREP Co. has a 12 month low of $13.46 and a 12 month high of $24.36. The business has a fifty day simple moving average of $22.03 and a 200 day simple moving average of $19.99. The company has a market capitalization of $116.84 million, a P/E ratio of 41.06 and a beta of 0.99.
AMREP (NYSE:AXR – Get Free Report) last posted its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. The business 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 In On AMREP
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.
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