Jane Street Group LLC Decreases Position in Franklin Street Properties Corp. (NYSE:FSP)

Jane Street Group LLC decreased its position in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 74.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 111,925 shares of the company's stock after selling 331,063 shares during the period. Jane Street Group LLC owned approximately 0.11% of Franklin Street Properties worth $198,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of FSP. BNP Paribas Financial Markets lifted its stake in Franklin Street Properties by 33.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company's stock worth $38,000 after purchasing an additional 5,433 shares in the last quarter. RBF Capital LLC purchased a new position in shares of Franklin Street Properties in the 3rd quarter valued at about $1,795,000. Integrated Wealth Concepts LLC increased its holdings in shares of Franklin Street Properties by 31.2% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 95,511 shares of the company's stock valued at $169,000 after acquiring an additional 22,727 shares during the last quarter. Private Management Group Inc. boosted its stake in Franklin Street Properties by 7.9% in the third quarter. Private Management Group Inc. now owns 9,222,820 shares of the company's stock valued at $16,324,000 after acquiring an additional 673,231 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Franklin Street Properties by 1.8% in the 3rd quarter. State Street Corp now owns 1,205,604 shares of the company's stock valued at $2,134,000 after acquiring an additional 20,987 shares during the period. Institutional investors and hedge funds own 61.41% of the company's stock.

Franklin Street Properties Stock Performance

FSP stock opened at $1.76 on Monday. The company has a 50-day simple moving average of $1.88 and a 200 day simple moving average of $1.75. Franklin Street Properties Corp. has a fifty-two week low of $1.47 and a fifty-two week high of $2.70. The company has a market capitalization of $182.28 million, a P/E ratio of -4.51 and a beta of 0.82. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.41.

Franklin Street Properties (NYSE:FSP - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.10). Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. The firm had revenue of $29.68 million during the quarter. During the same quarter in the prior year, the business earned ($0.44) EPS. Sell-side analysts predict that Franklin Street Properties Corp. will post 0.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Franklin Street Properties from a "hold" rating to a "sell" rating in a research note on Monday, October 28th.

Insider Activity

In related news, insider Jeffrey B. Carter acquired 18,500 shares of the business's stock in a transaction dated Monday, December 16th. The stock was bought at an average price of $2.12 per share, with a total value of $39,220.00. Following the acquisition, the insider now owns 18,500 shares in the company, valued at $39,220. This represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce J. Schanzer acquired 110,589 shares of the business's stock in a transaction dated Wednesday, December 11th. The stock was acquired at an average cost of $1.87 per share, with a total value of $206,801.43. Following the completion of the transaction, the director now owns 3,405,463 shares of the company's stock, valued at approximately $6,368,215.81. The trade was a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 172,400 shares of company stock worth $327,879. Corporate insiders own 6.20% of the company's stock.

Franklin Street Properties Company Profile

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.