FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) President David H. Devilliers, Jr. sold 2,500 shares of the company's stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $78,750.00. Following the completion of the transaction, the president now owns 57,268 shares in the company, valued at approximately $1,803,942. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
FRP Trading Down 1.5 %
Shares of NASDAQ FRPH opened at $31.43 on Thursday. The firm has a market cap of $598.11 million, a P/E ratio of 78.58 and a beta of 0.47. The business's 50 day moving average is $29.96 and its 200-day moving average is $29.57. FRP Holdings, Inc. has a 1-year low of $26.99 and a 1-year high of $32.50.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of FRP from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.
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Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the company. Hyman Charles D increased its position in FRP by 100.0% during the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider's stock worth $55,251,000 after acquiring an additional 968,822 shares during the period. Dimensional Fund Advisors LP raised its position in shares of FRP by 101.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider's stock valued at $31,266,000 after buying an additional 553,265 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of FRP by 2.1% in the first quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider's stock valued at $19,990,000 after buying an additional 6,741 shares during the period. State Street Corp grew its position in FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock worth $8,478,000 after buying an additional 1,005 shares in the last quarter. Finally, LB Partners LLC increased its stake in FRP by 100.0% during the 2nd quarter. LB Partners LLC now owns 125,802 shares of the financial services provider's stock worth $3,588,000 after acquiring an additional 62,901 shares during the period. Institutional investors own 45.42% of the company's stock.
About FRP
(
Get Free Report)
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.
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