Raymond James Financial Inc. Makes New $1.27 Million Investment in Five Point Holdings, LLC (NYSE:FPH)

Raymond James Financial Inc. bought a new stake in shares of Five Point Holdings, LLC (NYSE:FPH) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 337,099 shares of the company’s stock, valued at approximately $1,274,000. Raymond James Financial Inc. owned about 0.23% of Five Point as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in FPH. Jane Street Group LLC bought a new position in Five Point during the 3rd quarter valued at approximately $76,000. Virtu Financial LLC bought a new position in shares of Five Point during the third quarter valued at $105,000. O Keefe Stevens Advisory Inc. raised its position in shares of Five Point by 8.1% in the 4th quarter. O Keefe Stevens Advisory Inc. now owns 2,182,172 shares of the company’s stock worth $8,249,000 after purchasing an additional 163,647 shares during the last quarter. SG Americas Securities LLC bought a new position in Five Point in the 4th quarter worth about $80,000. Finally, Private Management Group Inc. grew its position in Five Point by 9.8% during the 4th quarter. Private Management Group Inc. now owns 5,525,607 shares of the company’s stock valued at $20,887,000 after purchasing an additional 493,138 shares during the last quarter. 38.09% of the stock is owned by institutional investors.

Insider Buying and Selling at Five Point

In other news, insider Kim Tobler sold 18,496 shares of Five Point stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the completion of the sale, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 21.49% of the company’s stock.

Five Point Stock Up 1.5 %

Shares of NYSE FPH opened at $5.29 on Friday. The firm has a market cap of $786.69 million, a P/E ratio of 5.51 and a beta of 1.51. Five Point Holdings, LLC has a twelve month low of $2.88 and a twelve month high of $6.71. The company has a 50 day moving average of $5.27 and a 200 day moving average of $4.68.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%. The firm had revenue of $13.16 million during the quarter.

Analysts Set New Price Targets

Separately, Zelman & Associates raised shares of Five Point from a “neutral” rating to an “outperform” rating in a report on Monday, January 27th.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.