Private Management Group Inc. Has $17.27 Million Holdings in Franklin Street Properties Corp. (NYSE:FSP)

Private Management Group Inc. grew its position in Franklin Street Properties Corp. (NYSE:FSP - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 9,438,396 shares of the company's stock after purchasing an additional 215,576 shares during the period. Private Management Group Inc. owned approximately 9.11% of Franklin Street Properties worth $17,272,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. RBF Capital LLC bought a new position in Franklin Street Properties in the 3rd quarter worth approximately $1,795,000. JPMorgan Chase & Co. boosted its position in Franklin Street Properties by 97.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 231,681 shares of the company's stock worth $410,000 after acquiring an additional 114,161 shares during the period. Barclays PLC grew its stake in shares of Franklin Street Properties by 277.4% in the third quarter. Barclays PLC now owns 128,258 shares of the company's stock worth $227,000 after purchasing an additional 94,274 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in shares of Franklin Street Properties during the second quarter valued at $66,000. Finally, Algert Global LLC raised its stake in shares of Franklin Street Properties by 123.1% during the second quarter. Algert Global LLC now owns 60,225 shares of the company's stock valued at $92,000 after purchasing an additional 33,233 shares in the last quarter. Institutional investors and hedge funds own 61.41% of the company's stock.

Franklin Street Properties Price Performance

Shares of NYSE FSP traded down $0.02 during mid-day trading on Friday, reaching $1.80. 145,481 shares of the company traded hands, compared to its average volume of 184,107. The firm has a market cap of $186.43 million, a PE ratio of 10.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.28 and a quick ratio of 2.28. Franklin Street Properties Corp. has a fifty-two week low of $1.47 and a fifty-two week high of $2.47. The stock has a fifty day simple moving average of $1.85 and a 200-day simple moving average of $1.78.

Franklin Street Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 13th. Stockholders of record on Friday, January 24th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Friday, January 24th. Franklin Street Properties's dividend payout ratio is presently -10.26%.

Wall Street Analyst Weigh In

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

Insider Activity

In other Franklin Street Properties news, insider Jeffrey B. Carter bought 18,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The shares were acquired at an average cost of $2.12 per share, for a total transaction of $39,220.00. Following the acquisition, the insider now directly owns 18,500 shares of the company's stock, valued at $39,220. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce J. Schanzer bought 43,311 shares of Franklin Street Properties stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average price of $1.89 per share, with a total value of $81,857.79. Following the completion of the acquisition, the director now directly owns 3,489,374 shares of the company's stock, valued at $6,594,916.86. This represents a 1.26 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 172,400 shares of company stock worth $327,879 over the last 90 days. 6.20% of the stock is currently owned by company insiders.

About Franklin Street Properties

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.