KLP Kapitalforvaltning AS Invests $104,000 in FRP Holdings, Inc. (NASDAQ:FRPH)

KLP Kapitalforvaltning AS acquired a new stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,400 shares of the financial services provider’s stock, valued at approximately $104,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake 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 purchasing an additional 1,845 shares during the period. State Street Corp raised its position in FRP by 0.4% in the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after acquiring an additional 1,005 shares during the period. Barclays PLC boosted its stake in shares of FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 15,599 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of FRP by 33.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 9,558 shares during the period. Finally, R Squared Ltd purchased a new stake in shares of FRP in the 4th quarter worth $65,000. Institutional investors own 45.42% of the company’s stock.

FRP Stock Performance

Shares of FRP stock opened at $26.41 on Friday. The stock’s fifty day moving average is $29.48 and its 200 day moving average is $30.11. FRP Holdings, Inc. has a one year low of $25.37 and a one year high of $33.00. The stock has a market cap of $504.09 million, a P/E ratio of 66.03 and a beta of 0.53.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $10.53 million for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%.

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.