Renaissance Technologies LLC Has $1.26 Million Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Renaissance Technologies LLC increased its stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 138.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,200 shares of the financial services provider’s stock after purchasing an additional 25,700 shares during the period. Renaissance Technologies LLC owned approximately 0.23% of FRP worth $1,261,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FRPH. Hyman Charles D boosted its holdings in shares of FRP by 100.0% during the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after acquiring an additional 968,822 shares during the period. Dimensional Fund Advisors LP raised its holdings in FRP by 101.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock valued at $31,266,000 after buying an additional 553,265 shares during the last quarter. LB Partners LLC raised its stake in FRP by 100.0% during the second quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after buying an additional 62,901 shares during the last quarter. Salem Investment Counselors Inc. boosted its holdings in shares of FRP by 98.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock worth $3,158,000 after buying an additional 55,067 shares in the last quarter. Finally, Oppenheimer & Close LLC grew its stake in shares of FRP by 100.0% in the 2nd quarter. Oppenheimer & Close LLC now owns 93,368 shares of the financial services provider’s stock valued at $2,663,000 after buying an additional 46,684 shares during the period. 45.42% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of FRP from a “buy” rating to a “hold” rating in a research report on Thursday.

Insider Activity at FRP

In other news, President David H. Devilliers, Jr. sold 2,280 shares of FRP stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $29.53, for a total transaction of $67,328.40. Following the transaction, the president now directly owns 51,003 shares of the company’s stock, valued at $1,506,118.59. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, President David H. Devilliers, Jr. sold 4,134 shares of FRP stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the transaction, the president now directly owns 62,755 shares of the company’s stock, valued at approximately $1,882,650. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President David H. Devilliers, Jr. sold 2,280 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $29.53, for a total value of $67,328.40. Following the transaction, the president now directly owns 51,003 shares in the company, valued at approximately $1,506,118.59. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,589 shares of company stock worth $342,079. 22.80% of the stock is owned by company insiders.

FRP Trading Up 2.1 %

Shares of NASDAQ:FRPH opened at $30.13 on Friday. FRP Holdings, Inc. has a 12-month low of $26.75 and a 12-month high of $32.50. The stock has a market capitalization of $573.07 million, a P/E ratio of 97.19 and a beta of 0.47. The stock’s 50-day moving average price is $29.30 and its 200-day moving average price is $29.58.

FRP (NASDAQ:FRPH) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter. FRP had a net margin of 18.12% and a return on equity of 1.67%. The firm had revenue of $10.48 million for the quarter.

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.