FRP Holdings, Inc. (NASDAQ:FRPH) Sees Large Growth in Short Interest

FRP Holdings, Inc. (NASDAQ:FRPH) saw a large increase in short interest in March. As of March 31st, there was short interest totalling 142,900 shares, an increase of 29.4% from the March 15th total of 110,400 shares. Based on an average daily trading volume, of 39,400 shares, the days-to-cover ratio is presently 3.6 days. Currently, 1.0% of the company’s stock are short sold.

FRP Stock Down 1.2 %

FRP stock opened at $26.56 on Monday. The stock has a market cap of $506.95 million, a P/E ratio of 66.50 and a beta of 0.53. FRP has a 12 month low of $25.37 and a 12 month high of $33.00. The company’s fifty day simple moving average is $28.96 and its 200-day simple moving average is $29.99.

FRP (NASDAQ:FRPH) last announced its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $10.53 million during the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. R Squared Ltd acquired a new position in FRP during the fourth quarter worth $65,000. KLP Kapitalforvaltning AS bought a new position in shares of FRP in the 4th quarter valued at approximately $104,000. GAMMA Investing LLC lifted its holdings in FRP by 4,597.0% in the 1st quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 6,068 shares during the last quarter. Deutsche Bank AG lifted its stake in shares of FRP by 22.4% in the fourth quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock worth $236,000 after buying an additional 1,409 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock valued at $258,000 after acquiring an additional 1,704 shares during the period. Institutional investors own 45.42% of the company’s stock.

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.