DAVENPORT & Co LLC Lowers Stock Position in FRP Holdings, Inc. (NASDAQ:FRPH)

DAVENPORT & Co LLC lowered its holdings in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 31.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 204,199 shares of the financial services provider's stock after selling 91,767 shares during the period. DAVENPORT & Co LLC owned approximately 1.07% of FRP worth $6,255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock valued at $8,478,000 after purchasing an additional 1,005 shares in the last quarter. GSA Capital Partners LLP grew its stake in shares of FRP by 7.1% during 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. Charles Schwab Investment Management Inc. increased its holdings in shares of 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 worth $3,267,000 after buying an additional 1,845 shares in the last quarter. R Squared Ltd acquired a new position in shares of FRP during the fourth quarter worth $65,000. Finally, SG Americas Securities LLC acquired a new stake in shares of FRP during the 3rd quarter valued at $155,000. Institutional investors and hedge funds own 45.42% of the company's stock.

Insider Transactions at FRP

In other FRP news, Director Martin E. Stein, Jr. sold 1,029 shares of the firm's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the sale, the director now owns 138,399 shares of the company's stock, valued at $4,567,167. This trade represents a 0.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John D. Milton, Jr. sold 960 shares of the business's stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,841 shares of company stock worth $184,972. 22.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

FRP Trading Down 0.4 %

NASDAQ FRPH traded down $0.14 during trading hours on Friday, hitting $31.12. 44,622 shares of the company's stock were exchanged, compared to its average volume of 28,877. The firm has a market cap of $592.21 million, a price-to-earnings ratio of 77.80 and a beta of 0.50. The stock has a 50-day simple moving average of $30.58 and a 200 day simple moving average of $30.09. FRP Holdings, Inc. has a 1-year low of $26.99 and a 1-year high of $33.00.

FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.07 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The firm had revenue of $10.63 million during the quarter.

About FRP

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.