AMREP Co. (NYSE:AXR) VP Adrienne Uleau Sells 1,833 Shares of Stock

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The shares were sold at an average price of $21.12, for a total value of $38,712.96. Following the completion of the sale, the vice president now directly owns 7,867 shares of the company’s stock, valued at $166,151.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Adrienne Uleau also recently made the following trade(s):

• On Thursday, April 25th, Adrienne Uleau sold 1,833 shares of AMREP stock. The shares were sold at an average price of $20.26, for a total value of $37,136.58.

AMREP Trading Down 1.4 %

AXR opened at $20.40 on Friday. AMREP Co. has a 1-year low of $13.46 and a 1-year high of $24.36. The stock has a market capitalization of $107.51 million, a price-to-earnings ratio of 37.78 and a beta of 0.99. The business has a 50 day moving average of $22.04 and a 200-day moving average of $20.15.

AMREP (NYSE:AXR) last posted its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 earnings per share for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The company had revenue of $12.69 million during the quarter.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Cerity Partners LLC acquired a new position in AMREP during the fourth quarter worth $2,529,000. Acuitas Investments LLC raised its stake in AMREP by 210.9% during the fourth quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock worth $2,111,000 after acquiring an additional 65,184 shares in the last quarter. Victory Capital Management Inc. acquired a new position in AMREP during the fourth quarter worth $119,000. AJOVista LLC acquired a new position in AMREP during the fourth quarter worth $29,000. Finally, Gate City Capital Management LLC acquired a new position in AMREP during the fourth quarter worth $9,505,000. 59.85% of the stock is currently owned by institutional investors and hedge funds.

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.