Five Point (NYSE:FPH) Announces Earnings Results

Five Point (NYSE:FPH) issued its quarterly earnings data on Thursday. The company reported $0.07 earnings per share for the quarter, reports. Five Point had a return on equity of 2.70% and a net margin of 21.73%. The business had revenue of $17.01 million for the quarter.

Five Point Stock Performance

NYSE:FPH opened at $4.09 on Friday. Five Point has a 52 week low of $2.13 and a 52 week high of $4.39. The firm has a 50-day moving average price of $3.51 and a two-hundred day moving average price of $3.23. The firm has a market cap of $606.51 million, a price-to-earnings ratio of 4.81 and a beta of 1.46.

Insider Buying and Selling at Five Point

In other news, major shareholder Luxor Capital Group, Lp sold 67,189 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $3.41, for a total transaction of $229,114.49. Following the completion of the sale, the insider now owns 53,853 shares in the company, valued at $183,638.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 9,107,169 shares of company stock worth $28,538,145 in the last quarter. 4.36% of the stock is currently owned by company insiders.

Institutional Trading of Five Point

A number of institutional investors have recently added to or reduced their stakes in the stock. O Keefe Stevens Advisory Inc. boosted its holdings in Five Point by 1.9% in the 1st quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock valued at $4,937,000 after purchasing an additional 28,841 shares during the period. ACR Alpine Capital Research LLC grew its position in Five Point by 19.3% during the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after buying an additional 133,898 shares in the last quarter. Hillsdale Investment Management Inc. increased its stake in Five Point by 12.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after acquiring an additional 5,000 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Five Point by 0.4% in the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock valued at $3,321,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Private Management Group Inc. boosted its position in shares of Five Point by 2.5% during the 2nd quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock valued at $14,720,000 after acquiring an additional 124,806 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.