Robert Robotti, a director at AMREP Corp. (NYSE:AXR), recently engaged in a series of stock transactions involving the company's common stock. According to a Form 4 filing with the Securities and Exchange Commission, Robotti sold a total of 17,054 shares over two days, December 18 and December 19, 2024. The timing is notable as InvestingPro data shows the stock has declined about 14% over the past week.
The sales were executed at prices ranging from $31.2407 to $31.7492 per share, amounting to a total transaction value of approximately $564,121. Following these transactions, Robotti holds 309,594 shares indirectly, as noted in the filing, through entities such as The Ravenswood Investment Company, LP and Ravenswood Investments III, L.P. Despite the recent decline, InvestingPro analysis reveals the stock has gained nearly 78% over the past six months, with the company maintaining strong financials and trading at a P/E ratio of 13.25.
These transactions are part of Robotti's ongoing management of his investment portfolio, reflecting his strategic decisions regarding his holdings in AMREP Corp., a company engaged in real estate and construction activities. InvestingPro analysis indicates AMREP maintains excellent financial health with a "GREAT" overall score, holding more cash than debt and showing strong profitability metrics. Subscribers can access 13 additional ProTips and comprehensive financial analysis for AXR.
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