Martin E. Stein, Jr. Sells 1,029 Shares of FRP Holdings, Inc. (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 1,029 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the transaction, the director now owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FRP Stock Performance

Shares of FRP stock traded up $0.14 during trading on Wednesday, hitting $31.92. 916 shares of the stock were exchanged, compared to its average volume of 22,577. The stock’s fifty day moving average is $30.11 and its 200 day moving average is $29.59. The stock has a market cap of $607.44 million, a PE ratio of 79.45 and a beta of 0.47. FRP Holdings, Inc. has a 12 month low of $26.99 and a 12 month high of $33.00.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On FRP

Several institutional investors have recently modified their holdings of the company. Hyman Charles D lifted its holdings in FRP by 100.0% in the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after purchasing an additional 968,822 shares during the period. Dimensional Fund Advisors LP lifted its holdings in FRP by 101.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock worth $31,266,000 after purchasing an additional 553,265 shares during the period. Vanguard Group Inc. lifted its holdings in FRP by 2.1% in the first quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock worth $19,990,000 after purchasing an additional 6,741 shares during the period. State Street Corp lifted its holdings in FRP by 0.4% in the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after purchasing an additional 1,005 shares during the period. Finally, LB Partners LLC lifted its holdings in FRP by 100.0% in the second quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after purchasing an additional 62,901 shares during the period. Institutional investors own 45.42% of the company’s stock.

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.