Insider Selling: FRP Holdings, Inc. (NASDAQ:FRPH) Director Sells 1,029 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 1,029 shares of FRP stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.00, for a total transaction of $33,957.00. Following the sale, the director now owns 138,399 shares in the company, valued at $4,567,167. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

FRP Stock Down 0.5 %

FRPH opened at $31.88 on Friday. FRP Holdings, Inc. has a 52 week low of $26.99 and a 52 week high of $33.00. The business’s 50 day moving average is $30.24 and its two-hundred day moving average is $29.63. The firm has a market cap of $606.68 million, a price-to-earnings ratio of 80.08 and a beta of 0.47.

Hedge Funds Weigh In On FRP

Institutional investors have recently modified their holdings of the business. Bank of New York Mellon Corp grew its position in FRP by 119.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 30,484 shares during the last quarter. Hyman Charles D grew its holdings in shares of FRP by 100.0% during the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after buying an additional 968,822 shares during the last quarter. Guardian Wealth Management Inc. increased its position in FRP by 102.0% in the 2nd quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock valued at $2,115,000 after acquiring an additional 37,444 shares during the period. Renaissance Technologies LLC raised its stake in FRP by 138.9% during the 2nd quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock valued at $1,261,000 after acquiring an additional 25,700 shares during the last quarter. Finally, Salem Investment Counselors Inc. lifted its position in FRP by 98.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock worth $3,158,000 after acquiring an additional 55,067 shares during the period. 45.42% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.