The latest SEC filings reveal that James H. Dahl, who holds a ten percent ownership stake in AMREP CORP. (NASDAQ:AXR), executed a purchase of company shares on May 13, 2026. According to the reported transaction details, Mr. Dahl acquired 1,156 common shares for an approximate total value of $28,580.
The acquisition was structured through several transactions, with individual prices ranging from $24.65 to $24.75 per share. The weighted average price paid for these newly acquired shares amounted to $24.724 per share. Following this specific purchase, Mr. Dahl's direct holdings of common stock increased, bringing his total directly held shares to 488,133.
This notable insider buying activity comes as AMREP’s current trading price is recorded at $25.19, accompanied by a Price-to-Earnings (P/E) ratio of 10.23. Furthermore, the InvestingPro analysis suggests that the stock may be undervalued when compared to its calculated Fair Value. The company's financial standing is rated highly, boasting a