FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 21,145 shares traded hands during mid-day trading, a decline of 13% from the previous session's volume of 24,340 shares.The stock last traded at $27.79 and had previously closed at $28.47.
FRP Trading Up 1.2 %
The stock has a market cap of $545.32 million, a price-to-earnings ratio of 71.43 and a beta of 0.49. The company has a 50 day simple moving average of $30.26 and a 200-day simple moving average of $30.26.
FRP (NASDAQ:FRPH - Get Free Report) last released its earnings results on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The firm had revenue of $10.53 million for the quarter.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in FRPH. HighTower Advisors LLC bought a new stake in FRP during the fourth quarter worth about $59,067,000. Raymond James Financial Inc. acquired a new stake in FRP in the fourth quarter valued at $1,789,000. Meixler Investment Management Ltd. acquired a new stake in FRP in the fourth quarter valued at $793,000. JPMorgan Chase & Co. grew its position in shares of FRP by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 61,160 shares of the financial services provider's stock valued at $1,873,000 after acquiring an additional 22,620 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of FRP by 92.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 38,447 shares of the financial services provider's stock worth $1,178,000 after purchasing an additional 18,452 shares during the last quarter. Institutional investors own 45.42% of the company's stock.
FRP Company Profile
(
Get Free Report)
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.
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