Charles Schwab Investment Management Inc. Acquires 1,845 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Charles Schwab Investment Management Inc. raised its holdings in FRP Holdings, Inc. (NASDAQ:FRPH) by 1.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,415 shares of the financial services provider’s stock after purchasing an additional 1,845 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.57% of FRP worth $3,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of FRP in the 3rd quarter worth about $155,000. American Century Companies Inc. purchased a new stake in shares of FRP during the 2nd quarter worth approximately $250,000. Sequoia Financial Advisors LLC raised its holdings in shares of FRP by 100.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock worth $263,000 after purchasing an additional 4,609 shares during the period. Hsbc Holdings PLC grew its holdings in FRP by 116.2% during the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock valued at $266,000 after purchasing an additional 4,983 shares during the period. Finally, GSA Capital Partners LLP increased its position in FRP by 7.1% in the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after buying an additional 1,329 shares during the last quarter. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Stock Down 1.8 %

Shares of NASDAQ:FRPH opened at $31.39 on Friday. The firm has a market capitalization of $597.35 million, a PE ratio of 78.48 and a beta of 0.50. The company has a 50-day moving average price of $30.74 and a two-hundred day moving average price of $29.78. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $33.00.

Insider Activity at FRP

In other FRP news, EVP John D. Milton, Jr. sold 960 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total value of $39,992.82. Following the transaction, the president now directly owns 60,987 shares of the company’s stock, valued at $1,904,014.14. The trade was a 2.06 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,566 shares of company stock worth $390,514. Corporate insiders own 22.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research 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.