FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Update

FRP Holdings, Inc. (NASDAQ:FRPH) was the target of a significant drop in short interest in January. As of January 31st, there was short interest totalling 84,400 shares, a drop of 5.7% from the January 15th total of 89,500 shares. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is presently 2.9 days.

Analyst Upgrades and Downgrades

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

FRP Trading Up 0.7 %

FRP stock opened at $31.46 on Wednesday. The company has a market capitalization of $598.68 million, a PE ratio of 78.65 and a beta of 0.50. FRP has a 12 month low of $26.99 and a 12 month high of $33.00. The stock has a 50-day moving average price of $30.51 and a two-hundred day moving average price of $30.18.

Insider Activity at FRP

In related news, Director Martin E. Stein, Jr. sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the sale, the director now directly owns 138,399 shares of the company’s stock, valued at $4,567,167. This trade represents a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.80% of the stock is currently owned by insiders.

Hedge Funds Weigh In On FRP

Large investors have recently bought and sold shares of the company. R Squared Ltd bought a new position in FRP in the fourth quarter valued at about $65,000. KLP Kapitalforvaltning AS bought a new position in shares of FRP during the fourth quarter worth about $104,000. SG Americas Securities LLC bought a new position in shares of FRP during the third quarter worth about $155,000. Deutsche Bank AG raised its position in shares of FRP by 22.4% during the fourth quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,409 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 1,704 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors.

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.