FRP (NASDAQ:FRPH) Sees Large Volume Increase – Here’s What Happened

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) saw an uptick in trading volume on Thursday . 29,956 shares were traded during trading, an increase of 20% from the previous session’s volume of 25,007 shares.The stock last traded at $30.59 and had previously closed at $30.50.

Wall Street Analyst Weigh In

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

FRP Trading Up 0.1 %

The company has a fifty day moving average price of $30.61 and a two-hundred day moving average price of $30.07. The firm has a market cap of $581.08 million, a P/E ratio of 76.34 and a beta of 0.50.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The company had revenue of $10.63 million during the quarter.

Insider Buying and Selling

In related news, President David H. Devilliers, Jr. sold 1,281 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total value of $39,992.82. Following the completion of the transaction, the president now directly owns 60,987 shares of the company’s stock, valued at approximately $1,904,014.14. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Stein, Jr. sold 1,029 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.00, for a total transaction of $33,957.00. Following the sale, the director now directly owns 138,399 shares in the company, valued at $4,567,167. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,841 shares of company stock worth $184,972. 22.20% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FRP

Several institutional investors and hedge funds have recently bought and sold shares of FRPH. Meixler Investment Management Ltd. acquired a new stake in FRP during the 4th quarter worth approximately $793,000. Proficio Capital Partners LLC acquired a new stake in FRP in the fourth quarter valued at $517,000. Barclays PLC raised its position in FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 15,599 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of FRP by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock worth $1,151,000 after acquiring an additional 9,558 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of FRP in the third quarter worth approximately $155,000. 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.