FRP Holdings, Inc. (NASDAQ:FRPH) EVP Sells 960 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) EVP John D. Milton, Jr. sold 960 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

FRP Trading Up 0.3 %

FRP stock traded up $0.10 during trading hours on Friday, reaching $30.79. 6,234 shares of the stock were exchanged, compared to its average volume of 21,845. The stock has a 50 day moving average of $29.72 and a two-hundred day moving average of $29.56. The company has a market cap of $585.93 million, a P/E ratio of 76.73 and a beta of 0.47. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $32.50.

Analyst Ratings Changes

Separately, StockNews.com cut shares of FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in FRP by 119.7% during the second quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock worth $1,596,000 after acquiring an additional 30,484 shares in the last quarter. Hyman Charles D increased its position in FRP by 100.0% during the 2nd quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after purchasing an additional 968,822 shares in the last quarter. Guardian Wealth Management Inc. increased its position in FRP by 102.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock worth $2,115,000 after purchasing an additional 37,444 shares in the last quarter. Renaissance Technologies LLC lifted its stake in FRP by 138.9% in the 2nd quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock valued at $1,261,000 after purchasing an additional 25,700 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its position in FRP by 98.9% in the second quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock valued at $3,158,000 after buying an additional 55,067 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

About FRP

FRP Holdings, Inc engages in the real estate business in the United States. It operates through four segments: Industrial and Commercial, Mining Royalty Lands, Development, and Multifamily. The Industrial and Commercial segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalties owned by the company primarily in Florida, Georgia, and Virginia.