HighTower Advisors LLC purchased a new position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,928,416 shares of the financial services provider's stock, valued at approximately $59,067,000. HighTower Advisors LLC owned approximately 10.13% of FRP as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of FRP in the fourth quarter worth $65,000. Proficio Capital Partners LLC bought a new stake in FRP in the 4th quarter valued at $517,000. GSA Capital Partners LLP lifted its stake in FRP by 7.1% in the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider's stock worth $599,000 after purchasing an additional 1,329 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of FRP by 2.3% during the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider's stock valued at $643,000 after purchasing an additional 465 shares during the last quarter. Finally, Barclays PLC grew its position in shares of FRP by 217.5% during the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider's stock valued at $681,000 after purchasing an additional 15,599 shares in the last quarter. 45.42% of the stock is owned by institutional investors.
FRP Trading Down 0.2 %
Shares of NASDAQ:FRPH traded down $0.05 during mid-day trading on Monday, reaching $27.82. The stock had a trading volume of 41,420 shares, compared to its average volume of 32,648. The business's 50 day moving average price is $30.37 and its 200 day moving average price is $30.31. FRP Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $33.00. The company has a market cap of $529.41 million, a P/E ratio of 69.55 and a beta of 0.49.
FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings data on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The business had revenue of $10.53 million for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%.
FRP Profile
(
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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