Geode Capital Management LLC Sells 456 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Geode Capital Management LLC cut its stake in FRP Holdings, Inc. (NASDAQ:FRPH) by 0.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 307,895 shares of the financial services provider’s stock after selling 456 shares during the quarter. Geode Capital Management LLC owned about 1.62% of FRP worth $9,196,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in shares of 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 purchasing an additional 553,265 shares during the last quarter. State Street Corp raised its position in FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after purchasing an additional 1,005 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of FRP by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after buying an additional 1,845 shares during the period. Guardian Wealth Management Inc. grew its position in shares of FRP by 102.0% during the 2nd quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock worth $2,115,000 after buying an additional 37,444 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of FRP by 119.7% during the second quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock valued at $1,596,000 after buying an additional 30,484 shares during the period. 45.42% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other FRP news, President David H. Devilliers, Jr. sold 1,281 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total value 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. This trade represents a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin E. Stein, Jr. sold 1,029 shares of the business’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 sale, the director now owns 138,399 shares in the company, valued at $4,567,167. The trade was a 0.74 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,841 shares of company stock valued at $339,972. 22.80% of the stock is currently owned by insiders.

FRP Price Performance

Shares of FRPH stock opened at $30.63 on Thursday. The company has a market cap of $582.89 million, a P/E ratio of 76.58 and a beta of 0.50. The stock’s 50-day moving average is $30.87 and its 200 day moving average is $29.80. FRP Holdings, Inc. has a 1-year low of $26.99 and a 1-year high of $33.00.

Analysts Set New Price Targets

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

FRP 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.