Five Point (NYSE:FPH) Shares Gap Up – Should You Buy?

Five Point Holdings, LLC (NYSE:FPH)’s share price gapped up prior to trading on Friday . The stock had previously closed at $3.43, but opened at $3.53. Five Point shares last traded at $3.52, with a volume of 14,788 shares.

Five Point Trading Up 2.9 %

The stock’s 50-day simple moving average is $3.93 and its 200-day simple moving average is $3.47. The stock has a market cap of $523.46 million, a price-to-earnings ratio of 5.04 and a beta of 1.45.

Five Point (NYSE:FPH) last issued its quarterly earnings results on Thursday, October 17th. The company reported $0.07 earnings per share for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%. The company had revenue of $17.01 million during the quarter.

Insider Buying and Selling

In other news, Director Sam Levinson purchased 3,283,024 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the transaction, the director now owns 6,219,241 shares of the company’s stock, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of Five Point stock in a transaction on Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total transaction of $28,139,854.97. Following the transaction, the insider now directly owns 4,248 shares of the company’s stock, valued at $13,296.24. This represents a 99.95 % decrease in their position. The disclosure for this sale can be found here. 4.36% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC grew its holdings in shares of Five Point by 16.2% in the second quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after acquiring an additional 134,472 shares in the last quarter. Private Management Group Inc. boosted its position in Five Point by 2.5% in the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after purchasing an additional 124,806 shares during the last quarter. Choreo LLC bought a new position in Five Point in the 2nd quarter valued at $293,000. WINTON GROUP Ltd increased its position in shares of Five Point by 89.3% during the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after purchasing an additional 17,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Five Point by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after purchasing an additional 77,369 shares during the period. Institutional investors own 38.09% of the company’s stock.

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.