Charles Schwab Investment Management Inc. Sells 349 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Charles Schwab Investment Management Inc. cut its stake in FRP Holdings, Inc. (NASDAQ:FRPH) by 0.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 109,066 shares of the financial services provider’s stock after selling 349 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.57% of FRP worth $3,341,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of FRP during the 4th quarter worth approximately $65,000. Proficio Capital Partners LLC acquired a new stake in shares of FRP in the 4th quarter valued at $517,000. Rhumbline Advisers increased its stake in shares of FRP by 2.3% in the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 465 shares during the last quarter. Barclays PLC raised its holdings in shares of FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after buying an additional 15,599 shares in the last quarter. Finally, Meixler Investment Management Ltd. bought a new stake in shares of FRP during the 4th quarter worth $793,000. 45.42% of the stock is currently owned by institutional investors.

FRP Trading Up 0.5 %

Shares of FRP stock opened at $28.86 on Friday. The firm’s 50 day moving average is $30.16 and its 200 day moving average is $30.24. The firm has a market capitalization of $550.85 million, a PE ratio of 72.15 and a beta of 0.49. FRP Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $33.00.

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

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.