FRP Holdings, Inc. (NASDAQ:FRPH) Director Sells $155,000.00 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 5,000 shares of FRP stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $31.00, for a total transaction of $155,000.00. Following the completion of the transaction, the director now directly owns 144,428 shares of the company’s stock, valued at $4,477,268. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

FRP Price Performance

FRP stock opened at $31.13 on Monday. The stock has a market capitalization of $592.40 million, a PE ratio of 77.83 and a beta of 0.47. The business has a 50 day simple moving average of $29.59 and a 200-day simple moving average of $29.53. FRP Holdings, Inc. has a 12 month low of $26.75 and a 12 month high of $32.50.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research report on Thursday.

Institutional Investors Weigh In On FRP

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Trust Co. of Vermont increased its stake in shares of FRP by 100.0% during the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 850 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,317 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in FRP in the 1st quarter worth approximately $248,000. Mountain Lake Investment Management LLC acquired a new position in shares of FRP during the 1st quarter worth approximately $307,000. Finally, SG Americas Securities LLC acquired a new position in shares of FRP during the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Company Profile

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.