FRP (NASDAQ:FRPH) Sees Large Volume Increase

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) saw strong trading volume on Friday . 26,021 shares traded hands during mid-day trading, an increase of 18% from the previous session’s volume of 22,092 shares.The stock last traded at $29.71 and had previously closed at $30.24.

Analyst Ratings Changes

Separately, StockNews.com upgraded FRP from a “hold” rating to a “buy” rating in a report on Sunday, August 25th.

FRP Price Performance

The stock has a fifty day moving average price of $29.33 and a two-hundred day moving average price of $29.64. The company has a market cap of $565.08 million, a P/E ratio of 97.55 and a beta of 0.47.

FRP (NASDAQ:FRPH) last posted its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share for the quarter. The company had revenue of $10.48 million for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.12%.

Insider Activity at FRP

In related news, COO David H. Devilliers III sold 1,725 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $29.62, for a total transaction of $51,094.50. Following the completion of the sale, the chief operating officer now directly owns 48,329 shares of the company’s stock, valued at $1,431,504.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other FRP news, President David H. Devilliers, Jr. sold 4,134 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.00, for a total value of $124,020.00. Following the completion of the sale, the president now directly owns 62,755 shares of the company’s stock, valued at $1,882,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO David H. Devilliers III sold 1,725 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $29.62, for a total value of $51,094.50. Following the completion of the sale, the chief operating officer now directly owns 48,329 shares of the company’s stock, valued at $1,431,504.98. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,589 shares of company stock valued at $342,079. 22.80% of the stock is owned by insiders.

Institutional Trading of FRP

Large investors have recently bought and sold shares of the company. Trust Co. of Vermont increased its position in FRP by 100.0% in the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock worth $48,000 after buying an additional 850 shares during the last quarter. BNP Paribas Financial Markets increased its position in FRP by 68.2% in the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,317 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new stake in FRP in the first quarter worth $248,000. American Century Companies Inc. purchased a new stake in FRP in the second quarter worth $250,000. Finally, Sequoia Financial Advisors LLC grew its position in shares of FRP by 100.0% in the second quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 4,609 shares in the last quarter. 45.42% of the stock is owned by hedge funds and other institutional investors.

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.