Trust Co. of Vermont Grows Stock Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Trust Co. of Vermont boosted its stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 100.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,700 shares of the financial services provider’s stock after buying an additional 850 shares during the period. Trust Co. of Vermont’s holdings in FRP were worth $48,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of FRPH. BNP Paribas Financial Markets increased its stake in FRP by 68.2% in the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,317 shares during the period. SG Americas Securities LLC grew its position in shares of FRP by 24.6% during the 4th quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider’s stock worth $236,000 after buying an additional 743 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in shares of FRP during the 1st quarter worth $248,000. Mountain Lake Investment Management LLC bought a new position in shares of FRP during the 1st quarter worth $307,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of FRP during the 1st quarter worth $372,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Trading Up 0.6 %

Shares of FRPH traded up $0.16 during midday trading on Wednesday, reaching $28.45. 4,583 shares of the stock were exchanged, compared to its average volume of 22,185. FRP Holdings, Inc. has a 52 week low of $26.59 and a 52 week high of $32.50. The company’s 50 day moving average is $29.18 and its two-hundred day moving average is $29.78. The company has a market capitalization of $541.12 million, a P/E ratio of 91.26 and a beta of 0.47.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.07 earnings per share for the quarter. FRP had a return on equity of 1.35% and a net margin of 14.54%. The company had revenue of $10.13 million for the quarter.

Insider Activity at FRP

In related news, EVP John D. Milton, Jr. sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $30.40, for a total transaction of $45,600.00. Following the sale, the executive vice president now owns 960 shares of the company’s stock, valued at $29,184. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 22.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded FRP from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th.

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.