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

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) saw unusually-strong trading volume on Friday . Approximately 21,145 shares were traded during mid-day trading, a decline of 13% from the previous session’s volume of 24,340 shares.The stock last traded at $27.79 and had previously closed at $28.47.

FRP Stock Performance

The stock’s fifty day moving average price is $30.27 and its 200-day moving average price is $30.26. The company has a market capitalization of $537.58 million, a P/E ratio of 70.27 and a beta of 0.49.

FRP (NASDAQ:FRPH) last issued its earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The company had revenue of $10.53 million for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRPH. HighTower Advisors LLC bought a new position in FRP in the 4th quarter valued at about $59,067,000. Raymond James Financial Inc. bought a new position in FRP in the 4th quarter valued at about $1,789,000. Meixler Investment Management Ltd. bought a new position in FRP in the 4th quarter valued at about $793,000. JPMorgan Chase & Co. raised its holdings in FRP by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 61,160 shares of the financial services provider’s stock valued at $1,873,000 after acquiring an additional 22,620 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in FRP by 92.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 38,447 shares of the financial services provider’s stock valued at $1,178,000 after acquiring an additional 18,452 shares during the period. 45.42% of the stock is owned by 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.