R Squared Ltd Buys New Position in FRP Holdings, Inc. (NASDAQ:FRPH)

R Squared Ltd purchased a new position in FRP Holdings, Inc. (NASDAQ:FRPH) during the 4th quarter, Holdings Channel reports. The fund purchased 2,130 shares of the financial services provider’s stock, valued at approximately $65,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. State Street Corp raised its holdings in 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 purchasing an additional 1,005 shares during the period. GSA Capital Partners LLP lifted its position in shares of FRP by 7.1% during the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after buying an additional 1,329 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of FRP by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after acquiring an additional 1,845 shares during the period. Hsbc Holdings PLC increased its holdings in FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock worth $266,000 after acquiring an additional 4,983 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in FRP during the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 45.42% of the company’s stock.

Insider Transactions at FRP

In other news, EVP John D. Milton, Jr. sold 960 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total transaction of $30,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Martin E. Stein, Jr. sold 1,029 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $33.00, for a total transaction of $33,957.00. Following the completion of the transaction, the director now directly owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,841 shares of company stock valued at $339,972. 22.80% of the stock is currently owned by corporate insiders.

FRP Stock Down 0.9 %

NASDAQ:FRPH opened at $30.54 on Friday. The business’s 50-day simple moving average is $30.70 and its two-hundred day simple moving average is $30.05. FRP Holdings, Inc. has a 52 week low of $26.99 and a 52 week high of $33.00. The stock has a market cap of $581.18 million, a PE ratio of 76.35 and a beta of 0.50.

FRP (NASDAQ:FRPH) last posted its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.07 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The company had revenue of $10.63 million for the quarter.

Wall Street Analysts Forecast Growth

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