Insider Selling: FRP Holdings, Inc. (NASDAQ:FRPH) Director Sells 5,000 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the transaction, the director now owns 144,428 shares in the company, valued at $4,477,268. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

FRP Price Performance

Shares of NASDAQ:FRPH traded up $0.28 during midday trading on Friday, hitting $30.85. The company had a trading volume of 11,782 shares, compared to its average volume of 21,730. FRP Holdings, Inc. has a twelve month low of $26.75 and a twelve month high of $32.50. The stock has a market cap of $587.08 million, a price-to-earnings ratio of 77.39 and a beta of 0.47. The business’s 50-day simple moving average is $29.56 and its 200-day simple moving average is $29.54.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.12%. The firm had revenue of $10.48 million during the quarter.

Institutional Investors Weigh In On FRP

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Trust Co. of Vermont grew its position in FRP by 100.0% in the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 850 shares during the period. SG Americas Securities LLC purchased a new position in shares of FRP during the third quarter worth $155,000. BNP Paribas Financial Markets boosted its position in shares of FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,317 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of FRP during the first quarter worth $248,000. Finally, American Century Companies Inc. purchased a new position in shares of FRP during the second quarter worth $250,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a report on Thursday.

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.