Insider Selling: FRP Holdings, Inc. (FRPH) VP Sells $91,460.00 in Stock
FRP Holdings, Inc. (NASDAQ:FRPH) VP John D. Milton, Jr. sold 2,000 shares of the stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $45.73, for a total transaction of $91,460.00. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at approximately $82,314. The transaction was disclosed in a filing with the SEC, which is available through this link.
FRP Holdings, Inc. (NASDAQ:FRPH) opened at 45.95 on Monday. FRP Holdings, Inc. has a 52-week low of $28.90 and a 52-week high of $49.35. The company has a market cap of $459.59 million, a PE ratio of 62.52 and a beta of 0.55. The stock’s 50 day moving average is $44.73 and its 200-day moving average is $43.11.
FRP Holdings (NASDAQ:FRPH) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. FRP Holdings had a net margin of 17.90% and a return on equity of 3.40%. The company had revenue of $9.36 million for the quarter. Equities research analysts predict that FRP Holdings, Inc. will post $0.77 EPS for the current fiscal year.
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Separately, BidaskClub cut shares of FRP Holdings from a “hold” rating to a “sell” rating in a research report on Thursday, August 17th.
Several hedge funds and other institutional investors have recently made changes to their positions in FRPH. Royce & Associates LP increased its position in shares of FRP Holdings by 4.7% during the second quarter. Royce & Associates LP now owns 756,249 shares of the financial services provider’s stock valued at $34,901,000 after buying an additional 33,900 shares during the period. State Street Corp increased its position in shares of FRP Holdings by 7.1% during the second quarter. State Street Corp now owns 115,839 shares of the financial services provider’s stock valued at $5,349,000 after buying an additional 7,703 shares during the period. OxFORD Asset Management LLP purchased a new position in shares of FRP Holdings during the second quarter valued at about $329,000. Vanguard Group Inc. increased its position in shares of FRP Holdings by 3.0% during the second quarter. Vanguard Group Inc. now owns 222,766 shares of the financial services provider’s stock valued at $10,280,000 after buying an additional 6,435 shares during the period. Finally, Alliancebernstein L.P. purchased a new stake in FRP Holdings in the second quarter worth about $277,000. Institutional investors own 45.52% of the company’s stock.
About FRP Holdings
FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).
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