Five Point (NYSE:FPH) Sees Unusually-High Trading Volume – Here’s What Happened

Five Point Holdings, LLC (NYSE:FPH) saw an uptick in trading volume on Thursday . 121,491 shares changed hands during trading, a decline of 37% from the previous session’s volume of 191,468 shares.The stock last traded at $4.06 and had previously closed at $3.90.

Five Point Price Performance

The firm has a market cap of $615.40 million, a P/E ratio of 4.86 and a beta of 1.46. The company has a fifty day moving average of $3.65 and a 200-day moving average of $3.27.

Five Point (NYSE:FPH) last posted its earnings results on Thursday, October 17th. The company reported $0.07 earnings per share (EPS) for the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%. The firm had revenue of $17.01 million during the quarter.

Insider Buying and Selling at Five Point

In other news, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the company’s stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of $3.13, for a total value of $28,139,854.97. Following the completion of the transaction, the insider now directly owns 4,248 shares of the company’s stock, valued at $13,296.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Sam Levinson acquired 3,283,024 shares of the stock in a transaction on Tuesday, October 22nd. The shares were acquired at an average price of $3.15 per share, with a total value of $10,341,525.60. Following the completion of the transaction, the director now owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. The trade was a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Luxor Capital Group, Lp sold 8,990,369 shares of the stock in a transaction that occurred on Tuesday, September 24th. The shares were sold at an average price of $3.13, for a total transaction of $28,139,854.97. Following the transaction, the insider now directly owns 4,248 shares of the company’s stock, valued at $13,296.24. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,104,569 shares of company stock worth $28,529,747. Insiders own 4.36% of the company’s stock.

Institutional Investors Weigh In On Five Point

A number of hedge funds have recently modified their holdings of the stock. Pure Financial Advisors LLC purchased a new stake in Five Point in the third quarter worth $73,000. WINTON GROUP Ltd grew its stake in shares of Five Point by 89.3% during the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock worth $107,000 after acquiring an additional 17,196 shares during the period. Hillsdale Investment Management Inc. grew its stake in shares of Five Point by 12.6% during the 1st quarter. Hillsdale Investment Management Inc. now owns 44,700 shares of the company’s stock worth $140,000 after acquiring an additional 5,000 shares during the period. Choreo LLC purchased a new stake in Five Point in the 2nd quarter worth about $293,000. Finally, Dimensional Fund Advisors LP raised its stake in Five Point by 13.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock valued at $1,928,000 after acquiring an additional 77,369 shares during the period. Institutional investors own 38.09% of the company’s stock.

Five Point Company Profile

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.