FRP (NASDAQ:FRPH) Sees Strong Trading Volume – Here’s Why

FRP Holdings, Inc. (NASDAQ:FRPH) saw an uptick in trading volume on Thursday . 29,956 shares changed hands during mid-day 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.

Analyst Ratings Changes

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

FRP Stock Performance

The business has a 50 day moving average price of $30.61 and a two-hundred day moving average price of $30.07. The company 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 announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.07 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The company had revenue of $10.63 million during the quarter.

Insider Activity

In other FRP news, EVP John D. Milton, Jr. sold 960 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total transaction of $30,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Martin E. Stein, Jr. sold 1,029 shares of the 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 completion of the sale, the director now directly owns 138,399 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 5,841 shares of company stock worth $184,972. Corporate insiders own 22.20% of the company’s stock.

Institutional Investors Weigh In On FRP

Several hedge funds have recently made changes to their positions in FRPH. SG Americas Securities LLC acquired a new position in shares of FRP in the third quarter valued at about $155,000. GSA Capital Partners LLP raised its stake in FRP by 7.1% in the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after purchasing an additional 1,329 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in FRP by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 1,845 shares in the last quarter. State Street Corp grew its holdings in shares of 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, Barclays PLC lifted its stake in shares of FRP by 217.5% in the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after buying an additional 15,599 shares in the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

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.