James H. Dahl and Rainey E. Lancaster, both listed as 10% owners of Amrep Corp (NASDAQ: AXR), reported a series of insider acquisitions executed on February 26 and 27, 2026. The two insiders purchased a combined 7,000 common shares for an aggregate outlay of $180,315.
The transactions were recorded as acquisitions and took place over two days. On February 26, 2026, a single purchase of 5,000 shares was reported. On February 27, 2026, the filings show two separate purchases: one for 876 shares and another for 1,124 shares. The per-share prices paid across these trades ranged from $25.6533 to $26.2342.
Following the reported buys, Dahl's direct ownership stands at 467,198 shares. In addition to that direct stake, Dahl holds 229,151 shares through individual retirement account (IRA) accounts and 94,120 shares via a trust. Lancaster's direct holding after the transactions is 173,750 shares.
The insider activity comes as Amrep's common stock was trading at $25.26, a level that represents a 34% gain year-to-date. Despite the recent appreciation, InvestingPro analysis cited in the filings indicates the stock is currently overvalued relative to its Fair Value estimate. The company carries a market capitalization of $128.57 million and trades at a price-to-earnings ratio of 12.9.
Additional commentary included in the source material notes that InvestingPro provides 12 further exclusive tips on AXR, pointing to the company's recent momentum and valuation multiples as areas of interest for investors.
Context and implications - The filings document routine insider acquisitions by significant holders and supply precise data on amounts, dates, and prices. The purchases increase the insiders' direct stakes and leave broader capital structure metrics unchanged in the filings provided.