Hillsdale Investment Management Inc. Boosts Stock Holdings in Five Point Holdings, LLC (NYSE:FPH)

Hillsdale Investment Management Inc. lifted its stake in shares of Five Point Holdings, LLC (NYSE:FPH) by 12.6% during the first quarter, Holdings Channel reports. The fund owned 44,700 shares of the company’s stock after acquiring an additional 5,000 shares during the period. Hillsdale Investment Management Inc.’s holdings in Five Point were worth $140,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. ACR Alpine Capital Research LLC increased its position in shares of Five Point by 19.3% during the first quarter. ACR Alpine Capital Research LLC now owns 828,123 shares of the company’s stock worth $2,592,000 after acquiring an additional 133,898 shares during the period. O Keefe Stevens Advisory Inc. increased its holdings in Five Point by 1.9% in the first quarter. O Keefe Stevens Advisory Inc. now owns 1,577,400 shares of the company’s stock valued at $4,937,000 after buying an additional 28,841 shares during the last quarter. Park West Asset Management LLC increased its holdings in Five Point by 75.0% in the fourth quarter. Park West Asset Management LLC now owns 350,000 shares of the company’s stock valued at $1,074,000 after buying an additional 150,000 shares during the last quarter. TCW Group Inc. increased its holdings in Five Point by 17.2% in the fourth quarter. TCW Group Inc. now owns 826,037 shares of the company’s stock valued at $2,536,000 after buying an additional 121,337 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Five Point by 1.7% in the third quarter. Wellington Management Group LLP now owns 1,184,583 shares of the company’s stock valued at $3,518,000 after buying an additional 19,262 shares during the last quarter. Hedge funds and other institutional investors own 38.09% of the company’s stock.

Insider Activity at Five Point

In related news, major shareholder Luxor Capital Group, Lp sold 99,730 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $3.09, for a total value of $308,165.70. Following the transaction, the insider now owns 55,792 shares of the company’s stock, valued at $172,397.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 128,676 shares of company stock valued at $396,312 over the last quarter. 4.36% of the stock is owned by insiders.

Five Point Price Performance

NYSE:FPH remained flat at $3.13 during trading hours on Monday. The company had a trading volume of 237,238 shares, compared to its average volume of 81,848. The company has a market capitalization of $463.41 million, a PE ratio of 3.68 and a beta of 1.47. The company has a 50-day simple moving average of $3.07 and a two-hundred day simple moving average of $3.10. Five Point Holdings, LLC has a 52-week low of $2.13 and a 52-week high of $3.71.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, April 18th. The company reported $0.03 EPS for the quarter. The firm had revenue of $9.94 million for the quarter. Five Point had a return on equity of 2.72% and a net margin of 21.73%.

About Five Point

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.