Five Point (NYSE:FPH) Trading Up 6% on Insider Buying Activity

Five Point Holdings, LLC (NYSE:FPH) shares shot up 6% during mid-day trading on Friday after an insider bought additional shares in the company. The stock traded as high as $4.07 and last traded at $4.07. 227,746 shares were traded during trading, an increase of 19% from the average session volume of 191,783 shares. The stock had previously closed at $3.84.

Specifically, Director Sam Levinson acquired 3,283,024 shares of the stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average cost of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the transaction, the director now directly owns 6,219,241 shares of the company’s stock, valued at approximately $19,590,609.15. The trade was a 100.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website.

Five Point Price Performance

The firm has a 50-day moving average of $3.60 and a 200-day moving average of $3.26. The stock has a market cap of $602.06 million, a PE ratio of 5.80 and a beta of 1.46.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, October 17th. The company reported $0.07 earnings per share for the quarter. The business had revenue of $17.01 million during the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

Hedge Funds Weigh In On Five Point

Institutional investors have recently bought and sold shares of the stock. ACR Alpine Capital Research LLC lifted its stake in Five Point by 19.3% in the 1st quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after purchasing an additional 133,898 shares in the last quarter. Hillsdale Investment Management Inc. lifted its position in shares of Five Point by 12.6% in the first quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after buying an additional 5,000 shares in the last quarter. O Keefe Stevens Advisory Inc. boosted its stake in Five Point by 8.1% during the second quarter. O Keefe Stevens Advisory Inc. now owns 1,705,415 shares of the company’s stock valued at $4,997,000 after buying an additional 128,015 shares during the last quarter. TCW Group Inc. grew its holdings in Five Point by 0.4% during the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock valued at $3,321,000 after buying an additional 5,000 shares in the last quarter. Finally, Private Management Group Inc. increased its stake in Five Point by 2.5% in the 2nd quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock worth $14,720,000 after acquiring an additional 124,806 shares during the last quarter. 38.09% of the stock is owned by hedge funds and other institutional investors.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.