Form 4: AMREP CORP. Insider James H. Dahl Buys 5,000 Shares

James H. Dahl, a director and 10% owner of AMREP CORP., purchased 5,000 shares of common stock at an average price of $23.4765 on August 8, 2024.

Summary

• On August 8, 2024, James H. Dahl, a director and 10% owner of AMREP CORP. [AXR], purchased 5,000 shares of the company's common stock.
• The purchase was made at a weighted average price of $23.4765 per share, with individual prices ranging from $23.125 to $23.68.
• Following the transaction, Dahl directly owns 420,642 shares.
• Dahl also indirectly owns 229,151 shares through IRA accounts and 94,120 shares through a trust.
• Rainey E. Lancaster, who is part of a group with James H. Dahl for Section 13(d) purposes, directly owns 173,750 shares.
• The transaction was reported on Form 4, filed with the SEC on August 9, 2024.

Sentiment

Score: 5

Explanation: The sentiment is neutral. It's a routine disclosure of insider trading activity. The purchase itself could be seen as slightly positive, but the filing is simply a required disclosure.

Positives

• Insider buying can sometimes be seen as a positive signal, indicating that a director believes the company's stock is undervalued.

Industry Context

Insider trading activity is closely monitored by investors as it can provide insights into a company's prospects. Form 4 filings are a standard part of regulatory compliance for corporate insiders.

Stakeholder Impact

• The stock purchase by a director could potentially increase investor confidence.

Key Dates