JPMorgan Chase & Co. Acquires 22,620 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

JPMorgan Chase & Co. raised its holdings in FRP Holdings, Inc. (NASDAQ:FRPH) by 58.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 61,160 shares of the financial services provider’s stock after purchasing an additional 22,620 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.32% of FRP worth $1,873,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of FRPH. R Squared Ltd acquired a new position in FRP during the 4th quarter worth about $65,000. KLP Kapitalforvaltning AS bought a new stake in shares of FRP during the fourth quarter valued at approximately $104,000. American Century Companies Inc. increased its holdings in shares of FRP by 4.6% in the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider’s stock valued at $408,000 after purchasing an additional 592 shares in the last quarter. Proficio Capital Partners LLC bought a new position in FRP in the 4th quarter worth approximately $517,000. Finally, Rhumbline Advisers raised 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 last quarter. Institutional investors and hedge funds own 45.42% of the company’s stock.

FRP Stock Performance

Shares of FRPH opened at $26.57 on Friday. The firm has a market capitalization of $507.14 million, a price-to-earnings ratio of 66.43 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. The business’s fifty day moving average price is $28.60 and its two-hundred day moving average price is $29.90.

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