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

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

Wall Street Analyst Weigh In

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

FRP Stock Performance

The company has a 50 day moving average of $30.58 and a two-hundred day moving average of $30.09. The stock has a market capitalization of $592.21 million, a PE ratio of 77.80 and a beta of 0.50.

FRP (NASDAQ:FRPH) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.07 EPS for the quarter. The firm had revenue of $10.63 million during the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%.

Insider Transactions at FRP

In related news, EVP John D. Milton, Jr. sold 960 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $31.25, for a total transaction of $30,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David H. Devilliers, Jr. sold 2,500 shares of the stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $31.50, for a total value of $78,750.00. Following the sale, the president now directly owns 57,268 shares in the company, valued at $1,803,942. This represents a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,841 shares of company stock worth $184,972. Company insiders own 22.80% of the company’s stock.

Institutional Trading of FRP

Several hedge funds and other institutional investors have recently bought and sold shares of FRPH. JPMorgan Chase & Co. increased its holdings in shares of FRP by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 9,558 shares in the last quarter. Barclays PLC grew its position 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 valued at $681,000 after purchasing an additional 15,599 shares during the period. Charles Schwab Investment Management Inc. boosted 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 worth $3,267,000 after buying an additional 1,845 shares during the last quarter. State Street Corp boosted its stake in shares of FRP by 0.4% in the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after acquiring an additional 1,005 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of FRP during the third quarter worth $155,000. 45.42% of the stock is owned by institutional investors and hedge funds.

About FRP

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.