Short Interest in Five Point Holdings, LLC (NYSE:FPH) Drops By 15.8%

Five Point Holdings, LLC (NYSE:FPH) was the target of a large drop in short interest in the month of October. As of October 31st, there was short interest totalling 110,100 shares, a drop of 15.8% from the October 15th total of 130,800 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 448,300 shares, the days-to-cover ratio is currently 0.2 days.

Five Point Stock Performance

Shares of FPH traded up $0.05 on Monday, reaching $3.82. The stock had a trading volume of 37,718 shares, compared to its average volume of 193,682. The firm has a market capitalization of $566.47 million, a price-to-earnings ratio of 5.39 and a beta of 1.47. The company has a 50-day simple moving average of $3.82 and a 200-day simple moving average of $3.35. Five Point has a 12-month low of $2.38 and a 12-month high of $4.39.

Five Point (NYSE:FPH) last released its earnings results on Thursday, October 17th. The company reported $0.07 EPS for the quarter. The company had revenue of $17.01 million during the quarter. Five Point had a return on equity of 2.57% and a net margin of 26.19%.

Insiders Place Their Bets

In other Five Point news, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total value of $28,139,854.97. Following the completion of the sale, the insider now owns 4,248 shares in the company, valued at approximately $13,296.24. This trade represents a 99.95 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Sam Levinson acquired 3,283,024 shares of the company’s stock in a transaction on Tuesday, October 22nd. The stock was acquired at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the acquisition, the director now owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 9,104,569 shares of company stock worth $28,529,747. 4.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. O Keefe Stevens Advisory Inc. increased its position in Five Point by 18.4% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock valued at $8,377,000 after buying an additional 313,110 shares in the last quarter. Hillsdale Investment Management Inc. increased its position in Five Point by 12.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock valued at $140,000 after buying an additional 5,000 shares in the last quarter. TCW Group Inc. increased its position in Five Point by 0.4% during the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock valued at $3,321,000 after buying an additional 5,000 shares in the last quarter. Choreo LLC bought a new position in Five Point during the 2nd quarter valued at approximately $293,000. Finally, Dimensional Fund Advisors LP increased its position in Five Point by 13.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after buying an additional 77,369 shares in the last quarter. Institutional investors own 38.09% of the company’s stock.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.