Charles Schwab Investment Management Inc. Increases Stock Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Charles Schwab Investment Management Inc. grew its stake in FRP Holdings, Inc. (NASDAQ:FRPH) by 1.7% in the third quarter, Holdings Channel.com reports. The institutional investor owned 109,415 shares of the financial services provider’s stock after buying an additional 1,845 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in FRP were worth $3,267,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. GSA Capital Partners LLP lifted its holdings in shares of FRP by 7.1% during the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after acquiring an additional 1,329 shares during the last quarter. SG Americas Securities LLC purchased a new stake in FRP during the third quarter valued at about $155,000. Hsbc Holdings PLC lifted its stake in FRP by 116.2% during the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 4,983 shares during the last quarter. Renaissance Technologies LLC lifted its stake in FRP by 138.9% during the second quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock worth $1,261,000 after purchasing an additional 25,700 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of FRP by 101.9% in the 2nd 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 in the last quarter. Institutional investors own 45.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FRP Stock Performance

Shares of FRPH opened at $31.39 on Friday. FRP Holdings, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $33.00. The firm has a market cap of $597.35 million, a price-to-earnings ratio of 78.48 and a beta of 0.50. The firm has a 50 day moving average price of $30.74 and a 200-day moving average price of $29.78.

Insider Buying and Selling

In related news, COO David H. Devilliers III sold 1,725 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $29.30, for a total transaction of $50,542.50. Following the completion of the sale, the chief operating officer now directly owns 44,879 shares in the company, valued at $1,314,954.70. This represents a 3.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Martin E. Stein, Jr. sold 1,029 shares of FRP stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the completion of the transaction, the director now directly owns 138,399 shares in the company, valued at $4,567,167. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,566 shares of company stock worth $390,514 in the last 90 days. 22.80% of the stock is owned by company insiders.

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.