FRP Holdings, Inc. (NASDAQ:FRPH) EVP John D. Milton, Jr. Buys 1,000 Shares

FRP Holdings, Inc. (NASDAQ:FRPH – Get Rating) EVP John D. Milton, Jr. acquired 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 18th. The shares were acquired at an average cost of $56.77 per share, with a total value of $56,770.00. Following the purchase, the executive vice president now owns 3,996 shares in the company, valued at approximately $226,852.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of FRP stock traded up $0.34 during mid-day trading on Thursday, hitting $56.40. The stock had a trading volume of 211 shares, compared to its average volume of 11,684. The firm has a 50-day moving average of $57.80 and a two-hundred day moving average of $57.53. FRP Holdings, Inc. has a 12-month low of $53.30 and a 12-month high of $65.00. The firm has a market cap of $531.85 million, a P/E ratio of 934.33 and a beta of 0.61.

FRP (NASDAQ:FRPH – Get Rating) last posted its quarterly earnings data on Wednesday, May 11th. The financial services provider reported $0.07 earnings per share for the quarter. The firm had revenue of $8.71 million during the quarter. FRP had a net margin of 1.51% and a return on equity of 0.12%.

A number of institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in FRP by 5.8% during the 4th quarter. Deutsche Bank AG now owns 4,064 shares of the financial services provider’s stock worth $235,000 after buying an additional 224 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of FRP by 113.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 491 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 261 shares in the last quarter. WMS Partners LLC raised its holdings in shares of FRP by 2.5% in the 4th quarter. WMS Partners LLC now owns 12,127 shares of the financial services provider’s stock valued at $701,000 after purchasing an additional 299 shares in the last quarter. Guardian Wealth Management Inc. raised its holdings in shares of FRP by 1.8% in the 1st quarter. Guardian Wealth Management Inc. now owns 18,981 shares of the financial services provider’s stock valued at $1,097,000 after purchasing an additional 330 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of FRP by 1.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 46,097 shares of the financial services provider’s stock valued at $2,665,000 after purchasing an additional 497 shares in the last quarter. Institutional investors own 47.09% of the company’s stock.

Separately, StockNews.com assumed coverage on shares of FRP in a research note on Thursday, March 31st. They issued a “hold” rating for the company.

FRP Company Profile (Get Rating)

FRP Holdings, Inc engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment owns various properties comprising approximately 15,000 acres under lease for mining rents or royalties primarily in Florida, Georgia, and Virginia.

Further Reading