Vanguard Group Inc. Boosts Stock Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

Vanguard Group Inc. increased its position in FRP Holdings, Inc. (NASDAQ:FRPH) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 661,164 shares of the financial services provider’s stock after acquiring an additional 10,663 shares during the period. Vanguard Group Inc. owned about 3.47% of FRP worth $20,251,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Street Corp lifted its stake 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 acquiring an additional 1,005 shares during the period. Barclays PLC raised its holdings in shares of FRP by 217.5% during the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 15,599 shares during the last quarter. JPMorgan Chase & Co. lifted its position in FRP by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock valued at $1,151,000 after purchasing an additional 9,558 shares during the period. R Squared Ltd purchased a new stake in FRP in the fourth quarter worth approximately $65,000. Finally, Rhumbline Advisers grew its position in FRP by 2.3% in the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock worth $643,000 after purchasing an additional 465 shares during the period. 45.42% of the stock is owned by institutional investors.

FRP Stock Performance

Shares of NASDAQ:FRPH opened at $26.86 on Thursday. The stock’s 50-day simple moving average is $29.14 and its two-hundred day simple moving average is $30.02. The stock has a market capitalization of $512.68 million, a price-to-earnings ratio of 67.15 and a beta of 0.53. FRP Holdings, Inc. has a 52-week low of $25.37 and a 52-week high of $33.00.

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

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.