Rhumbline Advisers Sells 1,774 Shares of FRP Holdings, Inc. $FRPH

Rhumbline Advisers cut its holdings in FRP Holdings, Inc. (NASDAQ:FRPH) by 8.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 19,221 shares of the financial services provider’s stock after selling 1,774 shares during the quarter. Rhumbline Advisers owned about 0.10% of FRP worth $549,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of FRPH. Bank of America Corp DE grew its position in shares of FRP by 12.8% in the 4th quarter. Bank of America Corp DE now owns 21,353 shares of the financial services provider’s stock valued at $654,000 after purchasing an additional 2,431 shares during the period. Citadel Advisors LLC boosted its position in FRP by 62.7% during the 4th quarter. Citadel Advisors LLC now owns 18,817 shares of the financial services provider’s stock worth $576,000 after acquiring an additional 7,251 shares during the last quarter. Deutsche Bank AG boosted its position in FRP by 22.4% during the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,409 shares during the last quarter. Two Sigma Investments LP acquired a new position in FRP during the 4th quarter worth approximately $476,000. Finally, Two Sigma Advisers LP boosted its position in FRP by 18.8% during the 4th quarter. Two Sigma Advisers LP now owns 12,000 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 1,900 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

FRP Stock Up 1.5%

NASDAQ:FRPH opened at $24.87 on Tuesday. FRP Holdings, Inc. has a twelve month low of $24.42 and a twelve month high of $33.00. The business has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $26.84. The company has a market cap of $475.27 million, a P/E ratio of 88.82 and a beta of 0.62.

FRP (NASDAQ:FRPH) last released its quarterly earnings results on Wednesday, August 6th. The financial services provider reported $0.03 earnings per share for the quarter. FRP had a return on equity of 1.15% and a net margin of 12.59%.

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.