FRP (NASDAQ:FRPH) Reaches New 12-Month High - What's Next?

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.50 and last traded at $32.16, with a volume of 28045 shares. The stock had previously closed at $31.70.

Analyst Ratings Changes

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

FRP Trading Up 2.5 %

The firm has a 50 day simple moving average of $30.07 and a 200 day simple moving average of $29.59. The firm has a market capitalization of $618.09 million, a PE ratio of 81.20 and a beta of 0.47.

Insider Buying and Selling

In related news, Director Martin E. Stein, Jr. sold 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.00, for a total value of $155,000.00. Following the sale, the director now owns 144,428 shares in the company, valued at approximately $4,477,268. This trade represents a 3.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO David H. Devilliers III sold 1,725 shares of FRP stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $28.46, for a total transaction of $49,093.50. Following the completion of the sale, the chief operating officer now directly owns 46,604 shares of the company's stock, valued at approximately $1,326,349.84. This trade represents a 3.57 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,050 shares of company stock worth $578,493. 22.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Trust Co. of Vermont boosted its stake in shares of FRP by 100.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider's stock worth $48,000 after acquiring an additional 850 shares during the last quarter. SG Americas Securities LLC purchased a new position in FRP during the third quarter valued at $155,000. BNP Paribas Financial Markets lifted its position in FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider's stock valued at $199,000 after purchasing an additional 1,317 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new stake in FRP during the first quarter valued at about $248,000. Finally, American Century Companies Inc. purchased a new stake in FRP in the second quarter worth about $250,000. 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.