Franklin Street Properties Corp. (NYSE:FSP) Shares Bought by Rhumbline Advisers

Rhumbline Advisers lifted its holdings in shares of Franklin Street Properties Corp. (NYSE:FSP) by 6.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,345 shares of the company’s stock after purchasing an additional 5,675 shares during the period. Rhumbline Advisers owned about 0.10% of Franklin Street Properties worth $182,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Franklin Street Properties by 97.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,681 shares of the company’s stock worth $410,000 after purchasing an additional 114,161 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Franklin Street Properties by 33.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after purchasing an additional 5,433 shares in the last quarter. Barclays PLC increased its stake in shares of Franklin Street Properties by 277.4% during the 3rd quarter. Barclays PLC now owns 128,258 shares of the company’s stock worth $227,000 after purchasing an additional 94,274 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Franklin Street Properties by 25.6% during the 4th quarter. SG Americas Securities LLC now owns 41,253 shares of the company’s stock worth $75,000 after purchasing an additional 8,407 shares in the last quarter. Finally, RBF Capital LLC purchased a new position in shares of Franklin Street Properties during the 3rd quarter worth approximately $1,795,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Bruce J. Schanzer bought 43,311 shares of the stock in a transaction on Friday, December 13th. The stock was purchased at an average cost of $1.89 per share, with a total value of $81,857.79. Following the purchase, the director now owns 3,489,374 shares of the company’s stock, valued at approximately $6,594,916.86. The trade was a 1.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, insider Jeffrey B. Carter acquired 18,500 shares of the stock in a transaction dated Monday, December 16th. The shares were bought at an average cost of $2.12 per share, with a total value of $39,220.00. Following the completion of the purchase, the insider now directly owns 18,500 shares in the company, valued at approximately $39,220. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders bought 172,400 shares of company stock valued at $327,879. Company insiders own 6.20% of the company’s stock.

Franklin Street Properties Trading Up 0.6 %

Shares of FSP opened at $1.79 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a 50 day simple moving average of $1.85 and a 200-day simple moving average of $1.82. Franklin Street Properties Corp. has a 1-year low of $1.47 and a 1-year high of $2.31. The stock has a market cap of $185.38 million, a price-to-earnings ratio of -3.58 and a beta of 0.82.

Franklin Street Properties (NYSE:FSP) last released its earnings results on Tuesday, February 11th. The company reported ($0.08) EPS for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. During the same quarter in the previous year, the firm earned $0.03 earnings per share. Equities analysts forecast that Franklin Street Properties Corp. will post 0.12 EPS for the current fiscal year.

Franklin Street Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Friday, January 24th were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, January 24th. This represents a $0.04 annualized dividend and a yield of 2.23%. Franklin Street Properties’s payout ratio is currently -8.00%.

Franklin Street Properties 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.