AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were acquired at an average cost of $20.95 per share, for a total transaction of $209,500.00. Following the transaction, the insider now owns 376,207 shares of the company’s stock, valued at approximately $7,881,536.65. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
AMREP Trading Down 3.1 %
AMREP stock opened at $20.10 on Tuesday. AMREP Co. has a 1-year low of $13.46 and a 1-year high of $24.36. The firm’s fifty day simple moving average is $21.97 and its 200-day simple moving average is $20.39. The company has a market capitalization of $105.93 million, a P/E ratio of 37.22 and a beta of 1.04.
AMREP (NYSE:AXR – Get Free Report) last posted its earnings results on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. AMREP had a net margin of 6.43% and a return on equity of 2.54%. The firm had revenue of $12.69 million for 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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