Insider Selling: FRP Holdings, Inc. (NASDAQ:FRPH) President Sells 4,134 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) President David H. Devilliers, Jr. sold 4,134 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the sale, the president now directly owns 62,755 shares of the company’s stock, valued at $1,882,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

FRP Stock Performance

NASDAQ:FRPH traded down $0.02 during midday trading on Friday, reaching $29.67. 8,830 shares of the stock traded hands, compared to its average volume of 22,147. The stock has a market capitalization of $564.32 million, a P/E ratio of 95.48 and a beta of 0.47. The company has a fifty day moving average of $28.98 and a 200 day moving average of $29.72. FRP Holdings, Inc. has a 12 month low of $26.59 and a 12 month high of $32.50.

FRP (NASDAQ:FRPH) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter. The firm had revenue of $10.48 million during the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%.

Hedge Funds Weigh In On FRP

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hyman Charles D increased its position in FRP by 100.0% during the 2nd quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock valued at $55,251,000 after purchasing an additional 968,822 shares during the period. Dimensional Fund Advisors LP raised its stake 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 buying an additional 553,265 shares in the last quarter. 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 buying an additional 6,741 shares during the period. 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 buying an additional 62,901 shares during the period. Finally, Salem Investment Counselors Inc. boosted its position in FRP by 98.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock valued at $3,158,000 after acquiring an additional 55,067 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded FRP from a “hold” rating to a “buy” rating in a report on Sunday, August 25th.

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.