FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Down 5.7% in January

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) saw a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 84,400 shares, a decrease of 5.7% from the January 15th total of 89,500 shares. Based on an average daily trading volume, of 28,700 shares, the short-interest ratio is currently 2.9 days.

Insiders Place Their Bets

In other FRP news, Director Martin E. Stein, Jr. sold 1,029 shares of FRP 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 transaction, the director now owns 138,399 shares in the company, valued at $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 22.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. R Squared Ltd acquired a new stake in FRP in the fourth quarter worth about $65,000. KLP Kapitalforvaltning AS purchased a new position in shares of FRP in the 4th quarter valued at approximately $104,000. SG Americas Securities LLC acquired a new stake in FRP in the 3rd quarter worth approximately $155,000. Deutsche Bank AG grew its position in FRP by 22.4% during the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider's stock worth $236,000 after purchasing an additional 1,409 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake 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 in the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

FRP Price Performance

NASDAQ FRPH traded down $0.30 on Friday, hitting $30.70. The stock had a trading volume of 28,774 shares, compared to its average volume of 27,290. FRP has a 52-week low of $26.99 and a 52-week high of $33.00. The business's fifty day moving average price is $30.46 and its 200 day moving average price is $30.21. The stock has a market cap of $584.22 million, a price-to-earnings ratio of 76.75 and a beta of 0.50.

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.