Insider Buying: Five Point Holdings, LLC (NYSE:FPH) Director Acquires $10,341,525.60 in Stock

Five Point Holdings, LLC (NYSE:FPH) Director Sam Levinson acquired 3,283,024 shares of the firm’s stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the acquisition, the director now directly owns 6,219,241 shares of the company’s stock, valued at $19,590,609.15. The trade was a 100.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Five Point Trading Up 5.7 %

NYSE:FPH opened at $4.06 on Friday. Five Point Holdings, LLC has a 12 month low of $2.13 and a 12 month high of $4.39. The firm’s 50 day moving average is $3.60 and its 200 day moving average is $3.26. The stock has a market capitalization of $602.06 million, a PE ratio of 5.80 and a beta of 1.46.

Five Point (NYSE:FPH) last announced its quarterly earnings data on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%. The business had revenue of $17.01 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. WINTON GROUP Ltd increased its holdings in shares of Five Point by 89.3% in the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock worth $107,000 after purchasing an additional 17,196 shares during the period. Hillsdale Investment Management Inc. increased its stake in Five Point by 12.6% in the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after acquiring an additional 5,000 shares during the last quarter. Choreo LLC purchased a new stake in shares of Five Point in the 2nd quarter valued at about $293,000. Dimensional Fund Advisors LP raised its holdings in shares of Five Point by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after acquiring an additional 77,369 shares in the last quarter. Finally, ACR Alpine Capital Research LLC boosted its position in shares of Five Point by 19.3% during the 1st quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock valued at $2,592,000 after acquiring an additional 133,898 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.