Estabrook Capital Management Has $7.53 Million Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

Estabrook Capital Management lowered its position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 7.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 245,822 shares of the financial services provider's stock after selling 20,576 shares during the quarter. FRP accounts for about 1.2% of Estabrook Capital Management's holdings, making the stock its 25th largest position. Estabrook Capital Management owned 1.29% of FRP worth $7,530,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Rhumbline Advisers grew its stake in shares of FRP by 2.3% in the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider's stock valued at $643,000 after purchasing an additional 465 shares during the period. American Century Companies Inc. boosted its stake in shares of FRP by 4.6% in the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 592 shares in the last quarter. State Street Corp increased its position in shares of FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock worth $8,478,000 after purchasing an additional 1,005 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in FRP by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider's stock valued at $258,000 after purchasing an additional 1,704 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in 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 during the last quarter. Institutional investors and hedge funds own 45.42% of the company's stock.

FRP Trading Down 0.4 %

Shares of FRP stock traded down $0.11 during trading on Monday, reaching $26.51. The company's stock had a trading volume of 18,389 shares, compared to its average volume of 28,104. FRP Holdings, Inc. has a one year low of $25.37 and a one year high of $33.00. The stock has a 50-day moving average price of $29.40 and a two-hundred day moving average price of $30.09. The stock has a market capitalization of $506.00 million, a P/E ratio of 66.28 and a beta of 0.53.

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

FRP 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.