Insider Selling: Five Point Holdings, LLC (NYSE:FPH) Insider Sells 18,496 Shares of Stock

Five Point Holdings, LLC (NYSE:FPH) insider Kim Tobler sold 18,496 shares of the stock in a transaction on Saturday, March 8th. The stock was sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the transaction, the insider now directly owns 17,927 shares of the company’s stock, valued at approximately $103,618.06. The trade was a 50.78 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Five Point Stock Performance

FPH opened at $5.35 on Wednesday. Five Point Holdings, LLC has a one year low of $2.83 and a one year high of $6.71. The stock’s fifty day moving average is $5.15 and its 200-day moving average is $4.25. The company has a market capitalization of $794.87 million, a PE ratio of 5.57 and a beta of 1.59.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, January 23rd. The company reported $0.65 EPS for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%.

Analysts Set New Price Targets

Separately, Zelman & Associates raised Five Point from a “neutral” rating to an “outperform” rating in a research note on Monday, January 27th.

Institutional Investors Weigh In On Five Point

Several large investors have recently modified their holdings of FPH. Connor Clark & Lunn Investment Management Ltd. boosted its stake in shares of Five Point by 131.7% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 88,376 shares of the company’s stock worth $367,000 after acquiring an additional 50,234 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Five Point by 0.4% during the 3rd quarter. Wellington Management Group LLP now owns 957,856 shares of the company’s stock worth $3,975,000 after acquiring an additional 4,281 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Five Point during the 3rd quarter worth $76,000. XTX Topco Ltd bought a new stake in shares of Five Point during the 3rd quarter worth $70,000. Finally, TCW Group Inc. boosted its stake in shares of Five Point by 3.1% during the 3rd quarter. TCW Group Inc. now owns 1,168,437 shares of the company’s stock worth $4,849,000 after acquiring an additional 34,900 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

Five Point Company Profile

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.