Amrep corp. director Robertti sells $410,252 in inventory

Robert Robotti, a director at AMREP Corp. (NYSE:AXR), not too long ago offered shares value $410,252. The transactions, which came about on December 20, concerned the sale of 13,000 shares of widespread inventory at a mean value of $31.5579 per share. The sale comes amid a current 10.5% weekly decline in AXR’s inventory value, although the corporate has demonstrated outstanding power with a 60% achieve over the previous six months, in response to InvestingPro knowledge. Following these gross sales, Robotti retains possession of 296,594 shares by oblique holdings. The shares are held by The Ravenswood Funding Firm L.P. and Ravenswood Investments III, L.P., entities with which Robotti is related. InvestingPro evaluation reveals AMREP maintains sturdy fundamentals with a GREAT monetary well being rating, buying and selling at a beautiful P/E ratio of 13x whereas holding additional cash than debt on its steadiness sheet. Subscribers can entry 12 further ProTips and complete monetary metrics for deeper perception into AXR’s worth proposition.

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