FRP (NASDAQ:FRPH) Cut to Hold at StockNews.com

by · The Cerbat Gem

StockNews.com lowered shares of FRP (NASDAQ:FRPH – Free Report) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

FRP Trading Up 2.2 %

NASDAQ:FRPH opened at $59.26 on Monday. The business’s fifty day moving average price is $60.60 and its 200 day moving average price is $57.58. The firm has a market capitalization of $561.78 million, a price-to-earnings ratio of 109.74 and a beta of 0.57. FRP has a 1-year low of $52.45 and a 1-year high of $65.00.

Insider Activity

In related news, VP David H. Devilliers III sold 775 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $62.26, for a total transaction of $48,251.50. Following the transaction, the vice president now owns 18,635 shares of the company’s stock, valued at $1,160,215.10. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, VP David H. Devilliers III sold 775 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $62.26, for a total value of $48,251.50. Following the completion of the sale, the vice president now directly owns 18,635 shares in the company, valued at $1,160,215.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP John D. Milton, Jr. sold 544 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $57.22, for a total value of $31,127.68. Following the sale, the executive vice president now owns 1,614 shares of the company’s stock, valued at approximately $92,353.08. The disclosure for this sale can be found here. Insiders sold a total of 1,724 shares of company stock worth $102,944 in the last three months. 21.00% of the stock is owned by insiders.

Institutional Investors Weigh In On FRP

Hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. increased its stake in shares of FRP by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 636,795 shares of the financial services provider’s stock valued at $34,616,000 after buying an additional 11,212 shares during the period. BlackRock Inc. grew its holdings in FRP by 0.9% during the 2nd quarter. BlackRock Inc. now owns 556,559 shares of the financial services provider’s stock worth $32,041,000 after acquiring an additional 4,997 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of FRP by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock valued at $33,630,000 after purchasing an additional 10,860 shares during the period. Geode Capital Management LLC boosted its position in shares of FRP by 4.0% in the 1st quarter. Geode Capital Management LLC now owns 137,941 shares of the financial services provider’s stock worth $7,984,000 after purchasing an additional 5,284 shares during the last quarter. Finally, State Street Corp increased its holdings in FRP by 0.8% in the third quarter. State Street Corp now owns 136,018 shares of the financial services provider’s stock valued at $7,394,000 after purchasing an additional 1,092 shares during the last quarter. 44.55% of the stock is owned by institutional investors and hedge funds.

About FRP

(Get Free Report)

FRP Holdings, Inc engages in the real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties. The Mining Royalty Lands segment leases and manages mining royalty land owned by the Company primarily in Florida, Georgia, and Virginia.

Featured Stories