Legal & General Group Plc Sells 1,336 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Legal & General Group Plc reduced its stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 9.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,166 shares of the financial services provider’s stock after selling 1,336 shares during the period. Legal & General Group Plc owned about 0.07% of FRP worth $403,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. R Squared Ltd bought a new stake in shares of FRP in the fourth quarter valued at $65,000. KLP Kapitalforvaltning AS bought a new stake in FRP in the 4th quarter valued at about $104,000. Wells Fargo & Company MN lifted its holdings in FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock valued at $258,000 after purchasing an additional 1,704 shares during the last quarter. American Century Companies Inc. boosted its position in FRP by 4.6% during the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider’s stock worth $408,000 after purchasing an additional 592 shares during the period. Finally, Proficio Capital Partners LLC purchased a new position in shares of FRP in the fourth quarter worth about $517,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

FRP Trading Up 0.4 %

FRPH opened at $26.88 on Wednesday. FRP Holdings, Inc. has a 12 month low of $25.37 and a 12 month high of $33.00. The company has a market cap of $513.06 million, a PE ratio of 67.20 and a beta of 0.53. The company has a 50 day moving average of $28.33 and a 200 day moving average of $29.84.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. The firm had revenue of $10.53 million during 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.