James H. Dahl, identified as a 10% owner of AMREP CORP (NASDAQ: AXR), reported a set of purchases of the company’s common stock completed on March 26, 2026. Across a series of transactions on that date, Dahl acquired a total of 4,000 shares at prices ranging from $25.4356 to $27.164 per share, with the aggregate cost of those buys totaling $105,210.
The newly reported buys raise Dahl’s direct ownership to 474,398 shares. Beyond his direct holdings, Dahl is recorded as holding an additional 229,151 shares indirectly through IRA accounts and another 94,120 shares through a trust. The filing also notes another individual listed as a 10% owner, Rainey E. Lancaster, with 173,750 shares.
The timing of Dahl’s purchases comes amid notable stock movement for AXR. The share price has produced a 38% return year-to-date and the company’s shares are trading at a price-to-earnings ratio of 10.7, as reported in the transaction notice. The purchases were executed within the price band disclosed above and result in the stated change to Dahl’s direct holdings.
For subscribers to InvestingPro, the notice indicates there are 11 additional ProTips available for AXR, together with exclusive Fair Value analysis and financial health scores. The filing details and ownership breakdown provided in the report form the basis of the factual record presented here.
Key points
- Insider purchase: James H. Dahl bought 4,000 AMREP common shares on March 26, 2026, spending $105,210.
- Holdings breakdown: Dahl’s direct stake rises to 474,398 shares, with 229,151 shares held indirectly via IRAs and 94,120 through a trust; Rainey E. Lancaster holds 173,750 shares.
- Market context: AXR is up 38% year-to-date and trades at a P/E ratio of 10.7, per the reported information.
Risks and uncertainties
- Limited disclosure on motive - the report records the transactions and resulting holdings but does not provide reasons for the purchases.
- Concentration of ownership - sizeable direct and indirect holdings are reported, which may affect the stock’s liquidity; the filing lists multiple forms of ownership without further detail.
- Information scope - the report focuses on the reported transactions and current metrics (YTD return and P/E) and does not include forward-looking commentary or additional operational data.
The facts above are sourced from the ownership report filed for the transactions on March 26, 2026. Where the original notice supplies numeric details about prices, totals and holdings, those figures have been retained exactly in this account. The description here confines itself to the information disclosed in that filing and related subscriber notes cited for AXR.