Robert Robotti, a director at AMREP Corp. (NYSE:AXR), recently sold shares worth $410,252. The transactions, which took place on December 20, involved the sale of 13,000 shares of common stock at an average price of $31.5579 per share. The sale comes amid a recent 10.5% weekly decline in AXR’s stock price, though the company has demonstrated remarkable strength with a 60% gain over the past six months, according to InvestingPro data. Following these sales, Robotti retains ownership of 296,594 shares through indirect holdings. The shares are held by The Ravenswood Investment Company L.P. and Ravenswood Investments III, L.P., entities with which Robotti is associated. InvestingPro analysis reveals AMREP maintains strong fundamentals with a GREAT financial health score, trading at an attractive P/E ratio of 13x while holding more cash than debt on its balance sheet. Subscribers can access 12 additional ProTips and comprehensive financial metrics for deeper insight into AXR’s value proposition.
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