Charles Schwab Investment Management Inc. Has $3.34 Million Stock Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

Charles Schwab Investment Management Inc. decreased its holdings in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 0.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,066 shares of the financial services provider’s stock after selling 349 shares during the period. Charles Schwab Investment Management Inc.’s holdings in FRP were worth $3,341,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Proficio Capital Partners LLC bought a new position in FRP during the fourth quarter worth $517,000. Meixler Investment Management Ltd. bought a new position in shares of FRP during the 4th quarter worth about $793,000. Rhumbline Advisers grew its stake in shares of FRP by 2.3% in the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock valued at $643,000 after buying an additional 465 shares during the period. R Squared Ltd acquired a new stake in shares of FRP in the 4th quarter valued at about $65,000. Finally, JPMorgan Chase & Co. increased its position in 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 buying an additional 9,558 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

FRP Stock Performance

Shares of NASDAQ:FRPH opened at $28.86 on Friday. FRP Holdings, Inc. has a 52-week low of $26.99 and a 52-week high of $33.00. The business’s 50 day simple moving average is $30.16 and its two-hundred day simple moving average is $30.24. The firm has a market cap of $550.85 million, a P/E ratio of 72.15 and a beta of 0.49.

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

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.