AMREP Co. (NYSE:AXR) VP Sells $37,136.58 in Stock

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the stock in a transaction on Thursday, April 25th. The stock was sold at an average price of $20.26, for a total value of $37,136.58. Following the completion of the sale, the vice president now owns 6,034 shares in the company, valued at approximately $122,248.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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

• On Tuesday, April 23rd, Adrienne Uleau sold 1,833 shares of AMREP stock. The shares were sold at an average price of $21.12, for a total transaction of $38,712.96.

AMREP Stock Performance

NYSE:AXR traded down $0.30 during trading hours on Thursday, reaching $20.40. The company’s stock had a trading volume of 8,388 shares, compared to its average volume of 7,226. The stock has a 50 day moving average price of $22.06 and a two-hundred day moving average price of $20.15. AMREP Co. has a 12 month low of $13.46 and a 12 month high of $24.36. The company has a market capitalization of $107.51 million, a P/E ratio of 37.78 and a beta of 0.99.

AMREP (NYSE:AXR) last issued its quarterly earnings results on Friday, March 8th. The business services provider reported $0.02 earnings per share 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

Institutional investors have recently bought and sold shares of the business. AJOVista LLC acquired a new position in AMREP in the fourth quarter valued at approximately $29,000. Victory Capital Management Inc. acquired a new position in AMREP during the fourth quarter worth $119,000. Acuitas Investments LLC lifted its stake in AMREP by 210.9% in the 4th quarter. Acuitas Investments LLC now owns 96,090 shares of the business services provider’s stock valued at $2,111,000 after buying an additional 65,184 shares in the last quarter. Cerity Partners LLC purchased a new stake in shares of AMREP during the fourth quarter worth approximately $2,529,000. Finally, Gate City Capital Management LLC acquired a new stake in AMREP in the 4th quarter valued at about $9,505,000. 59.85% of the stock is owned by hedge funds and other institutional investors.

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.