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

AMREP Co. (NYSE:AXR) VP Adrienne Uleau sold 1,833 shares of the business’s stock in a transaction that occurred 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 sale, the vice president now owns 6,034 shares of the company’s stock, valued at approximately $122,248.84. The sale was disclosed in a legal filing 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 stock was sold at an average price of $21.12, for a total value of $38,712.96.

AMREP Stock Up 1.8 %

Shares of NYSE:AXR opened at $20.77 on Friday. AMREP Co. has a 12-month low of $13.46 and a 12-month high of $24.36. The stock has a market cap of $109.46 million, a PE ratio of 38.46 and a beta of 0.99. The business has a 50 day moving average of $22.03 and a 200-day moving average of $20.19.

AMREP (NYSE:AXR) last issued its quarterly earnings data on Friday, March 8th. The business services provider reported $0.02 earnings per share (EPS) 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 Investors Weigh In On AMREP

Several institutional investors have recently made changes to their positions in AXR. Gate City Capital Management LLC bought a new stake in shares of AMREP in the fourth quarter valued at approximately $9,505,000. Cerity Partners LLC bought a new stake in shares of AMREP in the fourth quarter valued at approximately $2,529,000. Acuitas Investments LLC boosted its stake in shares of AMREP by 210.9% in the fourth 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 during the period. Victory Capital Management Inc. bought a new stake in shares of AMREP in the fourth quarter valued at approximately $119,000. Finally, AJOVista LLC bought a new stake in shares of AMREP in the fourth quarter valued at approximately $29,000. 59.85% of the stock is currently owned by 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.