Barclays PLC Acquires 15,599 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Barclays PLC grew its position in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 217.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,771 shares of the financial services provider's stock after acquiring an additional 15,599 shares during the quarter. Barclays PLC owned about 0.12% of FRP worth $681,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of FRPH. SG Americas Securities LLC bought a new stake in FRP during the third quarter worth approximately $155,000. American Century Companies Inc. bought a new position in shares of FRP during the 2nd quarter valued at approximately $250,000. Hsbc Holdings PLC raised its holdings in FRP by 116.2% during the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider's stock valued at $266,000 after buying an additional 4,983 shares during the period. GSA Capital Partners LLP lifted its position in FRP by 7.1% in the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider's stock worth $599,000 after buying an additional 1,329 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in FRP by 101.3% during the second quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider's stock worth $622,000 after buying an additional 10,976 shares during the period. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Stock Performance

NASDAQ FRPH traded up $0.17 during trading on Friday, hitting $30.44. The stock had a trading volume of 36,347 shares, compared to its average volume of 26,095. The stock has a market capitalization of $579.27 million, a price-to-earnings ratio of 76.10 and a beta of 0.50. The stock has a 50 day simple moving average of $30.86 and a 200 day simple moving average of $29.89. FRP Holdings, Inc. has a one year low of $26.99 and a one year high of $33.00.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of FRP from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.

Insider Buying and Selling

In related news, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total transaction of $39,992.82. Following the completion of the sale, the president now owns 60,987 shares in the company, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the company's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total transaction of $155,000.00. Following the completion of the transaction, the director now owns 144,428 shares in the company, valued at $4,477,268. This represents a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 10,841 shares of company stock valued at $339,972. Insiders own 22.20% 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.