FRP Holdings, Inc. (NASDAQ:FRPH) Director Sells $155,000.00 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.00, for a total value of $155,000.00. Following the transaction, the director now directly owns 144,428 shares in the company, valued at $4,477,268. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

FRP Price Performance

FRP stock traded up $0.28 during trading hours on Friday, hitting $30.85. 11,782 shares of the stock traded hands, compared to its average volume of 21,730. The firm’s 50 day moving average price is $29.56 and its 200-day moving average price is $29.54. The stock has a market capitalization of $587.08 million, a price-to-earnings ratio of 77.39 and a beta of 0.47. FRP Holdings, Inc. has a 1 year low of $26.75 and a 1 year high of $32.50.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter. The business had revenue of $10.48 million for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.12%.

Institutional Trading of FRP

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in FRP by 119.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock valued at $1,596,000 after purchasing an additional 30,484 shares during the last quarter. Hyman Charles D boosted its stake in shares of FRP by 100.0% in the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after buying an additional 968,822 shares during the last quarter. Guardian Wealth Management Inc. boosted its stake in shares of FRP by 102.0% in the second quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock worth $2,115,000 after buying an additional 37,444 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of FRP by 138.9% in the second quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock worth $1,261,000 after buying an additional 25,700 shares during the last quarter. Finally, Salem Investment Counselors Inc. boosted its stake in shares of FRP by 98.9% in the second quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock worth $3,158,000 after buying an additional 55,067 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Analysts Set New Price Targets

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

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.