Insider at AMREP Corp. (NYSE:AXR) Buys $71,253 Worth of Shares, Bolstering Confidence
In a recent move, James H. Dahl, a major shareholder at AMREP Corp., purchased 3,132 common shares at $22.75 per share, totaling $71,253. This acquisition adds to Dahl's significant holdings in the company, boosting his direct ownership to 423,774 shares. Other holdings include shares held in IRA accounts, the Dahl Family Foundation, Inc., and by Rainey E. Lancaster.
The transactions, filed on August 16, 2024, signal confidence in the company's value and direction. Additionally, AMREP Corporation has made operational changes, appointing a new accounting firm and disclosing compensatory arrangements for top executives. The Board of Directors also made amendments to the company's Bylaws.
Investors can find insight in AMREP Corp.'s financial metrics and InvestingPro Tips. The company's market capitalization is around $119.86 million, with a P/E ratio of 18.1. Revenue growth over the last twelve months stands at 5.53%, with a notable increase on a quarterly basis. AMREP Corp. also shows strengths in EBITDA valuation and financial flexibility.
As AMREP Corp. navigates the real estate market, understanding these key points can help investors make informed decisions. For more detailed tips and analysis, visit InvestingPro's website.