FRP Holdings, Inc. (NASDAQ:FRPH) Sees Large Decline in Short Interest

FRP Holdings, Inc. (NASDAQ:FRPH) saw a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 84,400 shares, a decline of 5.7% from the January 15th total of 89,500 shares. Based on an average trading volume of 28,700 shares, the days-to-cover ratio is presently 2.9 days.

Insider Activity at FRP

In related news, Director Martin E. Stein, Jr. sold 1,029 shares of the business’s 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 transaction, the director now owns 138,399 shares in the company, valued at $4,567,167. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 22.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On FRP

Institutional investors and hedge funds have recently bought and sold shares of the company. R Squared Ltd bought a new stake in FRP during the 4th quarter valued at $65,000. KLP Kapitalforvaltning AS bought a new stake in FRP during the 4th quarter valued at $104,000. SG Americas Securities LLC bought a new position in shares of FRP in the 3rd quarter worth $155,000. Deutsche Bank AG raised its position in shares of FRP by 22.4% in the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,409 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of FRP by 25.4% in the 4th quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 1,704 shares in the last quarter. 45.42% of the stock is owned by institutional investors.

FRP Stock Up 0.2 %

Shares of NASDAQ FRPH opened at $31.51 on Thursday. The business has a fifty day simple moving average of $30.49 and a two-hundred day simple moving average of $30.18. The firm has a market cap of $599.64 million, a PE ratio of 78.78 and a beta of 0.50. FRP has a twelve month low of $26.99 and a twelve month high of $33.00.

Analyst Ratings Changes

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

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.