FRP Holdings, Inc. (NASDAQ:FRPH) Sees Large Decline in Short Interest

FRP Holdings, Inc. (NASDAQ:FRPH) saw a large decline in short interest in January. As of January 31st, there was short interest totalling 84,400 shares, a decline of 5.7% from the January 15th total of 89,500 shares. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is currently 2.9 days.

Insider Activity at FRP

In related news, Director Martin E. Stein, Jr. sold 1,029 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the transaction, the director now directly owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. The trade was a 0.74 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 22.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On FRP

A number of institutional investors have recently added to or reduced their stakes in FRPH. SG Americas Securities LLC purchased a new position in shares of FRP in the third quarter valued at $155,000. GSA Capital Partners LLP grew its holdings in shares of FRP by 7.1% in the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after purchasing an additional 1,329 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of FRP by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after purchasing an additional 1,845 shares in the last quarter. State Street Corp lifted its stake in shares of FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of FRP by 217.5% in the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 15,599 shares during the period. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Price Performance

Shares of FRPH opened at $31.51 on Thursday. FRP has a 1 year low of $26.99 and a 1 year high of $33.00. The company has a 50 day simple moving average of $30.49 and a two-hundred day simple moving average of $30.18. The firm has a market cap of $599.64 million, a P/E ratio of 78.78 and a beta of 0.50.

Analysts Set New Price Targets

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

About FRP

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.