Proficio Capital Partners LLC Purchases New Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Proficio Capital Partners LLC purchased a new stake in FRP Holdings, Inc. (NASDAQ:FRPH) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,877 shares of the financial services provider’s stock, valued at approximately $517,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of FRP by 33.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 9,558 shares in the last quarter. Barclays PLC boosted its holdings in FRP by 217.5% in the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after buying an additional 15,599 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FRP by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after buying an additional 1,845 shares during the last quarter. State Street Corp boosted its holdings in FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after buying an additional 1,005 shares during the last quarter. Finally, Meixler Investment Management Ltd. acquired a new stake in FRP in the 4th quarter worth about $793,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Trading Down 0.4 %

FRPH stock opened at $29.77 on Monday. FRP Holdings, Inc. has a 12-month low of $26.99 and a 12-month high of $33.00. The stock has a market cap of $566.52 million, a price-to-earnings ratio of 74.43 and a beta of 0.49. The business’s 50-day moving average is $30.59 and its 200 day moving average is $30.36.

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

FRP 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.