Meixler Investment Management Ltd. Invests $793,000 in FRP Holdings, Inc. (NASDAQ:FRPH)

Meixler Investment Management Ltd. bought a new position in FRP Holdings, Inc. (NASDAQ:FRPH) during the 4th quarter, HoldingsChannel reports. The fund bought 25,891 shares of the financial services provider’s stock, valued at approximately $793,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its holdings in FRP by 2.3% during the fourth quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider’s stock valued at $643,000 after buying an additional 465 shares during the last quarter. State Street Corp increased its holdings in FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after buying an additional 1,005 shares during the last quarter. GSA Capital Partners LLP increased its holdings in FRP by 7.1% during the third 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 during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in FRP by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after buying an additional 1,845 shares during the last quarter. Finally, R Squared Ltd purchased a new stake in FRP during the fourth quarter valued at approximately $65,000. Institutional investors own 45.42% of the company’s stock.

Analysts Set New Price Targets

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

Insider Transactions at FRP

In other news, Director Martin E. Stein, Jr. sold 1,029 shares of the stock in a transaction on Monday, November 25th. The shares were sold at an average price of $33.00, for a total value of $33,957.00. Following the completion of the sale, the director now directly owns 138,399 shares of the company’s stock, valued at $4,567,167. This represents a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, President David H. Devilliers, Jr. sold 2,500 shares of the firm’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $78,750.00. Following the transaction, the president now directly owns 57,268 shares of the company’s stock, valued at $1,803,942. The trade was a 4.18 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,600 shares of company stock valued at $114,979 over the last three months. Corporate insiders own 22.80% of the company’s stock.

FRP Price Performance

Shares of NASDAQ FRPH opened at $31.24 on Friday. The firm has a fifty day moving average price of $30.53 and a 200-day moving average price of $30.14. The stock has a market cap of $594.50 million, a PE ratio of 78.10 and a beta of 0.50. FRP Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $33.00.

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.