FRP (NASDAQ:FRPH) Sees Large Volume Increase - Should You Buy?

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) shares saw strong trading volume on Thursday . 29,956 shares traded hands during mid-day trading, an increase of 20% from the previous session's volume of 25,007 shares.The stock last traded at $30.59 and had previously closed at $30.50.

Analysts Set New Price Targets

Separately, StockNews.com lowered FRP from a "buy" rating to a "hold" rating in a research note on Thursday, November 7th.

FRP Stock Up 0.1 %

The company's 50 day moving average price is $30.58 and its 200 day moving average price is $30.09. The firm has a market capitalization of $592.97 million, a price-to-earnings ratio of 77.90 and a beta of 0.50.

Insider Transactions at FRP

In other FRP news, President David H. Devilliers, Jr. sold 1,281 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total value of $39,992.82. Following the completion of the transaction, the president now directly owns 60,987 shares of the company's stock, valued at approximately $1,904,014.14. The trade was a 2.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Martin E. Stein, Jr. sold 1,029 shares of FRP stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $33.00, for a total transaction of $33,957.00. Following the transaction, the director now directly owns 138,399 shares of the company's stock, valued at approximately $4,567,167. This trade represents a 0.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,841 shares of company stock worth $184,972 over the last three months. 22.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. HighTower Advisors LLC purchased a new stake in FRP in the 4th quarter worth $59,067,000. Raymond James Financial Inc. acquired a new stake in shares of FRP in the fourth quarter valued at about $1,789,000. Meixler Investment Management Ltd. purchased a new stake in shares of FRP during the fourth quarter worth about $793,000. Proficio Capital Partners LLC acquired a new position in shares of FRP during the 4th quarter worth about $517,000. Finally, Barclays PLC boosted its holdings in FRP by 217.5% in the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider's stock worth $681,000 after buying an additional 15,599 shares during the last quarter. Hedge funds and other institutional investors own 45.42% of the company's stock.

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.