FRP (NASDAQ:FRPH) Sees Large Volume Increase – Here’s Why

FRP Holdings, Inc. (NASDAQ:FRPH) shares saw strong trading volume on Friday . 15,802 shares traded hands during trading, a decline of 30% from the previous session’s volume of 22,494 shares.The stock last traded at $29.64 and had previously closed at $29.88.

Analyst Ratings Changes

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

FRP Stock Performance

The company has a fifty day simple moving average of $30.83 and a two-hundred day simple moving average of $29.78. The company has a market capitalization of $571.85 million, a price-to-earnings ratio of 75.13 and a beta of 0.50.

Insider Activity at FRP

In other FRP news, President David H. Devilliers, Jr. sold 1,281 shares of the business’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the completion of the sale, the president now owns 60,987 shares of the company’s stock, valued at approximately $1,904,014.14. The trade was a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 completion of the transaction, the director now owns 138,399 shares in the company, valued at approximately $4,567,167. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,841 shares of company stock worth $339,972. 22.80% of the stock is currently owned by insiders.

Institutional Trading of FRP

A number of institutional investors and hedge funds have recently bought and sold shares of FRPH. SG Americas Securities LLC purchased a new stake in FRP during the 3rd quarter worth $155,000. American Century Companies Inc. purchased a new stake in shares of FRP in the second quarter worth about $250,000. Hsbc Holdings PLC grew its stake in shares of FRP by 116.2% in the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after buying an additional 4,983 shares in the last quarter. GSA Capital Partners LLP raised its holdings in shares of FRP by 7.1% during the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after buying an additional 1,329 shares during the period. Finally, Rhumbline Advisers lifted its position in FRP by 101.3% during the 2nd quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 10,976 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

FRP Company Profile

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.