Raymond James & Associates raised its position in shares of FRP Holdings Inc (NASDAQ:FRPH) by 36.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,400 shares of the financial services provider’s stock after buying an additional 15,600 shares during the quarter. Raymond James & Associates owned 0.59% of FRP worth $2,778,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of FRPH. Vanguard Group Inc. grew its holdings in FRP by 9.8% during the third quarter. Vanguard Group Inc. now owns 700,043 shares of the financial services provider’s stock valued at $43,473,000 after purchasing an additional 62,580 shares during the last quarter. BlackRock Inc. grew its holdings in FRP by 2.8% during the fourth quarter. BlackRock Inc. now owns 526,691 shares of the financial services provider’s stock valued at $24,232,000 after purchasing an additional 14,147 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in FRP by 5.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 458,931 shares of the financial services provider’s stock valued at $21,116,000 after purchasing an additional 22,757 shares during the last quarter. Fenimore Asset Management Inc. grew its stake in shares of FRP by 2.7% in the first quarter. Fenimore Asset Management Inc. now owns 183,161 shares of the financial services provider’s stock worth $8,713,000 after acquiring an additional 4,854 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of FRP by 4.3% in the fourth quarter. Geode Capital Management LLC now owns 81,948 shares of the financial services provider’s stock worth $3,770,000 after acquiring an additional 3,356 shares during the last quarter. 48.45% of the stock is owned by institutional investors.
FRPH traded down $2.44 during trading on Monday, reaching $53.33. 19,300 shares of the company’s stock were exchanged, compared to its average volume of 15,151. FRP Holdings Inc has a fifty-two week low of $41.51 and a fifty-two week high of $67.70. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50 day moving average of $48.20. The company has a market cap of $553.98 million, a P/E ratio of 174.28 and a beta of 0.74.
In related news, insider John D. Milton, Jr. sold 2,500 shares of FRP stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $46.64, for a total value of $116,600.00. Following the completion of the transaction, the insider now directly owns 2,500 shares of the company’s stock, valued at $116,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 17.70% of the company’s stock.
Several brokerages have recently issued reports on FRPH. BidaskClub upgraded shares of FRP from a “sell” rating to a “hold” rating in a research note on Wednesday, April 24th. ValuEngine upgraded shares of FRP from a “sell” rating to a “hold” rating in a research note on Friday, April 5th.
FRP Company Profile
FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.
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