Jane Street Group LLC Reduces Stake in FRP Holdings, Inc. (NASDAQ:FRPH)

Jane Street Group LLC cut its holdings in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 42.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,120 shares of the financial services provider’s stock after selling 5,323 shares during the quarter. Jane Street Group LLC’s holdings in FRP were worth $213,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of FRPH. Dimensional Fund Advisors LP raised its holdings in shares of FRP by 101.9% during 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 during the last quarter. State Street Corp grew its position in FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after purchasing an additional 1,005 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of FRP by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after buying an additional 1,845 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FRP by 119.7% in the 2nd 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 buying an additional 30,484 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of FRP by 138.9% in the second quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock worth $1,261,000 after buying an additional 25,700 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, President David H. Devilliers, Jr. sold 2,500 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.50, for a total value of $78,750.00. Following the completion of the sale, the president now owns 57,268 shares of the company’s stock, valued at approximately $1,803,942. The trade was a 4.18 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total transaction of $155,000.00. Following the transaction, the director now owns 144,428 shares of the company’s stock, valued at $4,477,268. This represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,841 shares of company stock worth $339,972. Company insiders own 22.80% of the company’s stock.

FRP Stock Performance

Shares of NASDAQ FRPH opened at $28.74 on Monday. The company has a market capitalization of $546.92 million, a PE ratio of 71.85 and a beta of 0.50. The company’s fifty day moving average price is $30.91 and its 200 day moving average price is $29.86. FRP Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $33.00.

Wall Street Analysts Forecast Growth

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

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.