American Century Companies Inc. Takes $250,000 Position in FRP Holdings, Inc. (NASDAQ:FRPH)

American Century Companies Inc. acquired a new stake in FRP Holdings, Inc. (NASDAQ:FRPH) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,779 shares of the financial services provider’s stock, valued at approximately $250,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Intrepid Capital Management Inc. grew its stake in shares of FRP by 0.3% in the fourth quarter. Intrepid Capital Management Inc. now owns 99,731 shares of the financial services provider’s stock valued at $6,271,000 after acquiring an additional 336 shares in the last quarter. Trust Co. of Vermont grew its stake in shares of FRP by 100.0% in the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 850 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of FRP by 68.2% in the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,317 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new position in shares of FRP in the first quarter valued at about $248,000. Finally, Sequoia Financial Advisors LLC grew its stake in shares of FRP by 100.0% in the second quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 4,609 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other FRP news, COO David H. Devilliers III sold 1,725 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $29.62, for a total transaction of $51,094.50. Following the sale, the chief operating officer now directly owns 48,329 shares in the company, valued at $1,431,504.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO David H. Devilliers III sold 1,725 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $29.62, for a total value of $51,094.50. Following the sale, the chief operating officer now directly owns 48,329 shares in the company, valued at approximately $1,431,504.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President David H. Devilliers, Jr. sold 4,134 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the sale, the president now owns 62,755 shares in the company, valued at approximately $1,882,650. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,589 shares of company stock worth $342,079 over the last ninety days. Corporate insiders own 22.80% of the company’s stock.

FRP Stock Up 2.1 %

Shares of FRP stock opened at $30.13 on Friday. The company has a market capitalization of $573.07 million, a price-to-earnings ratio of 95.19 and a beta of 0.47. FRP Holdings, Inc. has a 12-month low of $26.75 and a 12-month high of $32.50. The firm’s 50-day moving average price is $29.30 and its two-hundred day moving average price is $29.58.

FRP (NASDAQ:FRPH) last announced its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. The firm had revenue of $10.48 million for the quarter. FRP had a net margin of 18.12% and a return on equity of 1.67%.

Analyst Ratings Changes

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

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.