Barclays PLC Acquires 94,274 Shares of Franklin Street Properties Corp. (NYSE:FSP)

Barclays PLC grew its stake in Franklin Street Properties Corp. (NYSE:FSP) by 277.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 128,258 shares of the company’s stock after purchasing an additional 94,274 shares during the period. Barclays PLC owned about 0.12% of Franklin Street Properties worth $227,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Private Management Group Inc. raised its holdings in Franklin Street Properties by 30.0% during the 2nd quarter. Private Management Group Inc. now owns 8,549,589 shares of the company’s stock worth $13,081,000 after purchasing an additional 1,970,790 shares during the last quarter. RBF Capital LLC acquired a new position in Franklin Street Properties in the third quarter valued at $1,795,000. Bank of New York Mellon Corp boosted its position in Franklin Street Properties by 1,005.2% during the second quarter. Bank of New York Mellon Corp now owns 299,743 shares of the company’s stock valued at $459,000 after acquiring an additional 272,622 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Franklin Street Properties by 9.7% during the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock worth $3,732,000 after acquiring an additional 215,358 shares during the period. Finally, Marshall Wace LLP grew its holdings in Franklin Street Properties by 25.4% during the 2nd quarter. Marshall Wace LLP now owns 890,682 shares of the company’s stock worth $1,363,000 after acquiring an additional 180,324 shares during the period. 61.41% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Jeffrey B. Carter acquired 18,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The shares were bought at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the purchase, the insider now owns 18,500 shares in the company, valued at $39,220. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce J. Schanzer bought 110,589 shares of Franklin Street Properties stock in a transaction on Wednesday, December 11th. The shares were bought at an average cost of $1.87 per share, with a total value of $206,801.43. Following the acquisition, the director now directly owns 3,405,463 shares in the company, valued at approximately $6,368,215.81. This represents a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 172,400 shares of company stock valued at $327,879. 6.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

Franklin Street Properties Price Performance

Shares of NYSE FSP opened at $1.81 on Tuesday. The firm has a market capitalization of $187.46 million, a P/E ratio of -4.64 and a beta of 0.82. The firm’s 50-day moving average price is $1.89 and its 200-day moving average price is $1.74. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. Franklin Street Properties Corp. has a 1-year low of $1.47 and a 1-year high of $2.72.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. The business had revenue of $29.68 million during the quarter. During the same period in the prior year, the firm posted ($0.44) earnings per share. Equities research analysts anticipate that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.