Amrep Corp Insider Purchases $92,250 in Company Stock

In a recent development, an insider from AMREP Corp., a firm focused on land development, has demonstrated confidence in the company’s future by acquiring more shares. On September 24, the insider purchased 3,000 shares at a price of $30.75 each, resulting in a total investment of $92,250.

The insider is identified as James H. Dahl, a ten percent owner of the company, whose total direct holdings now amount to 430,774 shares. This figure comprises both direct and indirect ownership through various accounts and trusts. Notably, 229,151 shares are held in IRA accounts, including 204,151 shares in a ROTH Conversion Account and 25,000 shares in a traditional IRA. Additionally, 94,120 shares are owned by the Dahl Family Foundation, Inc., where neither James H. Dahl nor any family member has a financial interest. Furthermore, Rainey E. Lancaster, associated with Dahl for regulatory purposes, holds 173,750 shares.

Insider transactions are often viewed by investors as a reflection of an executive’s outlook on the company, with share purchases typically indicating positive expectations for growth or stability.

The filing confirming these transactions was signed by Ivan A. Colao, Attorney-in-Fact for both James H. Dahl and Rainey E. Lancaster.

AMREP Corp. is actively engaged in the real estate and construction sectors, and these insider transactions highlight the confidence levels of critical stakeholders within the organization.

In other news, AMREP Corporation has made significant changes in its fiscal oversight and executive compensation. The company appointed Rosenberg Rich Baker Berman, P.A. as its new independent registered public accounting firm for the fiscal year ending April 30, 2025, following the dismissal of the previous firm, Baker Tilly US, LLP. This transition was conducted in compliance with Securities and Exchange Commission regulations, with no reported disputes or financial discrepancies prior to the change.

Additionally, AMREP Corporation has announced new compensation arrangements for its top executives. President and CEO Christopher V. Vitale received a $150,000 cash bonus along with 7,200 restricted shares of common stock, while Vice President of Finance and Accounting Adrienne M. Uleau was awarded a $55,000 cash bonus and 1,890 restricted shares. These shares are set to vest over a three-year period under certain conditions.

Furthermore, the Board of Directors recently amended the company’s Bylaws, describing these changes as technical and administrative adjustments, reflecting the ongoing evolution of AMREP Corporation’s operations.

As insiders continue to increase their stakes in AMREP Corp., the company’s financial metrics and market performance provide additional insights for investors. AMREP Corp. is currently trading at a low revenue valuation multiple, which may indicate that the stock is undervalued based on its sales. This aligns with the insider’s recent purchase, suggesting a perception of good value at the current price.

Recent data shows a robust 24.69% revenue growth over the past twelve months, indicating expansion in AMREP Corp.’s financial base. The company has also demonstrated a significant price total return of 15.0% over the last week, possibly reflecting increasing investor confidence in its short-term prospects.

With a market capitalization of $159.02 million and a P/E ratio of 17.25, AMREP Corp. appears to maintain a solid financial position. Notably, the company holds more cash than debt on its balance sheet, providing financial flexibility and potentially reducing risks for investors.

For those seeking deeper insights, there are numerous additional tips and analysis available regarding AMREP Corp.’s financial performance, including its free cash flow yield and liquidity position, reflecting both short-term and long-term growth trends.

This article was generated with AI support and reviewed by an editor.