State Street Corp Has $8.48 Million Stock Position in FRP Holdings, Inc. (NASDAQ:FRPH)

State Street Corp raised its position in FRP Holdings, Inc. (NASDAQ:FRPH) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 283,930 shares of the financial services provider’s stock after buying an additional 1,005 shares during the period. State Street Corp owned 1.49% of FRP worth $8,478,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp raised its stake in shares of FRP by 119.7% in the second quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock valued at $1,596,000 after acquiring an additional 30,484 shares during the last quarter. Rhumbline Advisers increased its holdings in FRP by 101.3% during the 2nd quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider’s stock valued at $622,000 after purchasing an additional 10,976 shares in the last quarter. American Century Companies Inc. acquired a new stake in FRP during the 2nd quarter valued at $250,000. Guardian Wealth Management Inc. raised its position in FRP by 102.0% in the 2nd quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock valued at $2,115,000 after purchasing an additional 37,444 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in FRP by 101.9% in the second quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock worth $31,266,000 after purchasing an additional 553,265 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at FRP

In other FRP news, Director Martin E. Stein, Jr. sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total transaction of $155,000.00. Following the completion of the sale, the director now directly owns 144,428 shares of the company’s stock, valued at approximately $4,477,268. The trade was a 3.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, President David H. Devilliers, Jr. sold 1,281 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total transaction of $39,992.82. Following the completion of the transaction, the president now directly owns 60,987 shares in the company, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 10,841 shares of company stock valued at $339,972 over the last quarter. Corporate insiders own 22.80% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com lowered FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

FRP Trading Down 1.2 %

FRPH opened at $29.75 on Friday. FRP Holdings, Inc. has a 1-year low of $26.99 and a 1-year high of $33.00. The firm has a 50-day moving average price of $30.83 and a two-hundred day moving average price of $29.78. The stock has a market capitalization of $566.14 million, a PE ratio of 74.38 and a beta of 0.50.

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.