FRP (NASDAQ:FRPH) Sees Large Volume Increase

FRP Holdings, Inc. (NASDAQ:FRPH) saw strong trading volume on Friday . 26,021 shares were traded during mid-day trading, an increase of 18% from the previous session’s volume of 22,092 shares.The stock last traded at $29.71 and had previously closed at $30.24.

Analysts Set New Price Targets

Separately, StockNews.com upgraded FRP from a “hold” rating to a “buy” rating in a research report on Sunday, August 25th.

FRP Stock Down 1.8 %

The company has a market capitalization of $565.08 million, a PE ratio of 97.55 and a beta of 0.47. The company has a 50-day moving average price of $29.33 and a two-hundred day moving average price of $29.64.

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

Insider Activity at FRP

In related news, President David H. Devilliers, Jr. sold 4,134 shares of FRP stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the sale, the president now owns 62,755 shares of the company’s stock, valued at $1,882,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other FRP news, President David H. Devilliers, Jr. sold 4,134 shares of FRP stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the sale, the president now owns 62,755 shares of the company’s stock, valued at $1,882,650. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President David H. Devilliers, Jr. sold 2,280 shares of FRP stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $29.53, for a total value of $67,328.40. Following the sale, the president now directly owns 51,003 shares of the company’s stock, valued at approximately $1,506,118.59. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,589 shares of company stock valued at $342,079. Company insiders own 22.80% of the company’s stock.

Institutional Investors Weigh In On FRP

Several hedge funds have recently added to or reduced their stakes in FRPH. Hyman Charles D lifted its stake in FRP by 100.0% during the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after purchasing an additional 968,822 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in FRP by 101.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock worth $31,266,000 after purchasing an additional 553,265 shares during the last quarter. LB Partners LLC lifted its stake in FRP by 100.0% during the second quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after purchasing an additional 62,901 shares during the last quarter. Salem Investment Counselors Inc. lifted its stake in shares of FRP by 98.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock valued at $3,158,000 after acquiring an additional 55,067 shares during the last quarter. Finally, Oppenheimer & Close LLC lifted its stake in shares of FRP by 100.0% in the 2nd quarter. Oppenheimer & Close LLC now owns 93,368 shares of the financial services provider’s stock valued at $2,663,000 after acquiring an additional 46,684 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

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.