Five Point (NYSE:FPH) Trading 4.6% Higher

Five Point Holdings, LLC (NYSE:FPH) rose 4.6% on Monday . The company traded as high as $3.40 and last traded at $3.40. Approximately 22,771 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 81,149 shares. The stock had previously closed at $3.25.

Five Point Stock Performance

The stock has a fifty day simple moving average of $3.14 and a 200-day simple moving average of $3.10. The stock has a market cap of $498.25 million, a P/E ratio of 3.94 and a beta of 1.45.

Five Point (NYSE:FPH) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.21 earnings per share (EPS) for the quarter. Five Point had a return on equity of 2.70% and a net margin of 21.73%. The business had revenue of $51.19 million during the quarter.

Insider Activity

In related news, major shareholder Luxor Capital Group, Lp sold 106,984 shares of the firm’s stock in a transaction on Friday, July 19th. The shares were sold at an average price of $3.12, for a total value of $333,790.08. Following the completion of the transaction, the insider now owns 54,928 shares of the company’s stock, valued at $171,375.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.36% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Private Management Group Inc. grew its stake in shares of Five Point by 2.5% in the second quarter. Private Management Group Inc. now owns 5,023,874 shares of the company’s stock valued at $14,720,000 after buying an additional 124,806 shares in the last quarter. O Keefe Stevens Advisory Inc. increased its stake in shares of Five Point by 8.1% during the 2nd quarter. O Keefe Stevens Advisory Inc. now owns 1,705,415 shares of the company’s stock worth $4,997,000 after purchasing an additional 128,015 shares during the last quarter. TCW Group Inc. raised its holdings in shares of Five Point by 0.4% in the 2nd quarter. TCW Group Inc. now owns 1,133,537 shares of the company’s stock valued at $3,321,000 after purchasing an additional 5,000 shares during the period. ACR Alpine Capital Research LLC lifted its stake in Five Point by 16.2% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 962,595 shares of the company’s stock valued at $2,820,000 after purchasing an additional 134,472 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after purchasing an additional 77,369 shares during the period. 38.09% of the stock is currently owned by institutional investors.

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.