FRP (NASDAQ:FRPH) Sees Large Volume Increase – Here’s What Happened

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) saw strong trading volume on Friday . 21,145 shares traded hands during trading, a decline of 13% from the previous session’s volume of 24,340 shares.The stock last traded at $27.79 and had previously closed at $28.47.

FRP Stock Performance

The firm has a 50 day moving average of $30.26 and a two-hundred day moving average of $30.26. The stock has a market cap of $537.41 million, a P/E ratio of 70.60 and a beta of 0.49.

FRP (NASDAQ:FRPH) last announced its earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The firm had revenue of $10.53 million during the quarter.

Institutional Trading of FRP

Several hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC bought a new stake in FRP during the 4th quarter valued at approximately $59,067,000. Dimensional Fund Advisors LP lifted its position in shares of FRP by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,135,837 shares of the financial services provider’s stock worth $34,790,000 after acquiring an additional 14,124 shares during the period. Vanguard Group Inc. lifted its position in shares of FRP by 1.6% in the 4th quarter. Vanguard Group Inc. now owns 661,164 shares of the financial services provider’s stock worth $20,251,000 after acquiring an additional 10,663 shares during the period. State Street Corp lifted its position 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 worth $8,478,000 after acquiring an additional 1,005 shares during the period. Finally, Northern Trust Corp lifted its position in shares of FRP by 14.1% in the 4th quarter. Northern Trust Corp now owns 133,030 shares of the financial services provider’s stock worth $4,075,000 after acquiring an additional 16,489 shares during the period. Institutional investors own 45.42% of the company’s stock.

FRP Company 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.