FRP (NASDAQ:FRPH) Sees Large Volume Increase – Still a Buy?

FRP Holdings, Inc. (NASDAQ:FRPHGet Free Report) shares saw unusually-high trading volume on Friday . Approximately 15,802 shares traded hands during trading, a decline of 30% from the previous session’s volume of 22,494 shares.The stock last traded at $29.64 and had previously closed at $29.88.

Analyst Ratings Changes

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

Check Out Our Latest Research Report on FRP

FRP Stock Up 0.6 %

The company has a market capitalization of $571.85 million, a price-to-earnings ratio of 75.13 and a beta of 0.50. The stock has a 50 day simple moving average of $30.83 and a 200 day simple moving average of $29.78.

Insider Activity

In other FRP news, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the sale, the president now owns 60,987 shares of the company’s stock, valued at $1,904,014.14. The trade was a 2.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the business’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the transaction, the director now owns 144,428 shares of the company’s stock, valued at $4,477,268. This trade represents a 3.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,841 shares of company stock valued at $339,972. 22.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FRP

Hedge funds and other institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in FRP during the 3rd quarter valued at about $155,000. American Century Companies Inc. bought a new position in shares of FRP in the second quarter valued at approximately $250,000. Hsbc Holdings PLC increased its stake in shares of FRP by 116.2% during the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after acquiring an additional 4,983 shares during the period. GSA Capital Partners LLP raised its holdings in FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 1,329 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in FRP by 101.3% in the second quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider’s stock worth $622,000 after purchasing an additional 10,976 shares during the period. 45.42% of the stock is currently owned by institutional investors.

FRP Company Profile

(Get Free Report)

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.

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