Invesco Ltd. Sells 1,538 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Invesco Ltd. trimmed its position in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 9.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,385 shares of the financial services provider’s stock after selling 1,538 shares during the period. Invesco Ltd. owned about 0.08% of FRP worth $471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers raised its holdings in shares of FRP by 2.3% in the fourth quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock worth $643,000 after buying an additional 465 shares during the period. American Century Companies Inc. increased its stake in FRP by 4.6% in 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. Wells Fargo & Company MN lifted its position in shares of FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 1,704 shares during the last quarter. R Squared Ltd purchased a new stake in shares of FRP during the fourth quarter valued at $65,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of FRP in the fourth quarter worth about $104,000. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Price Performance

Shares of FRPH opened at $27.91 on Friday. The firm has a market capitalization of $532.72 million, a price-to-earnings ratio of 69.78 and a beta of 0.59. FRP Holdings, Inc. has a 1-year low of $25.37 and a 1-year high of $33.00. The company has a 50-day moving average of $28.11 and a 200 day moving average of $29.79.

FRP (NASDAQ:FRPH) last announced its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (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%.

About FRP

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.