Franklin Street Properties Corp. (NYSE:FSP) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Franklin Street Properties Corp. (NYSE:FSP) by 74.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,925 shares of the company’s stock after selling 331,063 shares during the period. Jane Street Group LLC owned approximately 0.11% of Franklin Street Properties worth $198,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in FSP. Private Management Group Inc. lifted its position in Franklin Street Properties by 7.9% during the third quarter. Private Management Group Inc. now owns 9,222,820 shares of the company’s stock valued at $16,324,000 after purchasing an additional 673,231 shares during the period. State Street Corp lifted its holdings in shares of Franklin Street Properties by 1.8% in the 3rd quarter. State Street Corp now owns 1,205,604 shares of the company’s stock valued at $2,134,000 after buying an additional 20,987 shares during the period. RBF Capital LLC purchased a new stake in shares of Franklin Street Properties in the third quarter worth about $1,795,000. Marshall Wace LLP raised its position in Franklin Street Properties by 25.4% during the second quarter. Marshall Wace LLP now owns 890,682 shares of the company’s stock valued at $1,363,000 after acquiring an additional 180,324 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in Franklin Street Properties by 1,005.2% in 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 period. 61.41% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Franklin Street Properties

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

Analyst Upgrades and Downgrades

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

Franklin Street Properties Price Performance

Shares of Franklin Street Properties stock opened at $1.76 on Monday. The firm has a market cap of $182.28 million, a PE ratio of -4.51 and a beta of 0.82. Franklin Street Properties Corp. has a twelve month low of $1.47 and a twelve month high of $2.70. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41. The business has a 50-day moving average price of $1.88 and a 200 day moving average price of $1.75.

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

Franklin Street Properties Company Profile

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.