FRP Holdings, Inc. (NASDAQ:FRPH) President David H. Devilliers, Jr. Sells 1,281 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) President David H. Devilliers, Jr. sold 1,281 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the transaction, the president now directly owns 60,987 shares in the company, valued at approximately $1,904,014.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

FRP Trading Up 0.2 %

Shares of FRPH stock traded up $0.05 during trading hours on Thursday, hitting $30.70. The company’s stock had a trading volume of 10,815 shares, compared to its average volume of 21,822. The business has a fifty day moving average of $29.68 and a 200-day moving average of $29.55. The stock has a market cap of $584.22 million, a price-to-earnings ratio of 76.73 and a beta of 0.47. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $32.50.

Institutional Trading of FRP

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its holdings in FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,317 shares in the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of FRP during the first quarter valued at approximately $248,000. Vanguard Group Inc. boosted its position in FRP by 2.1% during the first quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock worth $19,990,000 after acquiring an additional 6,741 shares during the last quarter. Mountain Lake Investment Management LLC acquired a new position in FRP in the 1st quarter valued at $307,000. Finally, Trust Co. of Vermont lifted its stake in shares of FRP by 100.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 850 shares during the period. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

About FRP

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.