AMREP Co. (NYSE:AXR – Get Free Report) major shareholder James H. Dahl purchased 4,621 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The stock was bought at an average price of $20.60 per share, with a total value of $95,192.60. Following the transaction, the insider now directly owns 380,828 shares in the company, valued at $7,845,056.80. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
AMREP Stock Performance
Shares of NYSE:AXR traded up $0.07 during midday trading on Wednesday, reaching $20.61. The company had a trading volume of 2,963 shares, compared to its average volume of 7,065. AMREP Co. has a 1-year low of $13.46 and a 1-year high of $24.36. The firm has a market cap of $108.64 million, a price-to-earnings ratio of 38.17 and a beta of 1.04. The company has a fifty day simple moving average of $21.96 and a two-hundred day simple moving average of $20.42.
AMREP (NYSE:AXR – Get Free Report) last announced its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 EPS for the quarter. AMREP had a return on equity of 2.54% and a net margin of 6.43%. The firm had revenue of $12.69 million during the quarter.
Institutional Investors Weigh In On AMREP
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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