JPMorgan Chase & Co. Has $1.15 Million Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

JPMorgan Chase & Co. lifted its position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 33.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 38,540 shares of the financial services provider's stock after acquiring an additional 9,558 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.20% of FRP worth $1,151,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its position in FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock worth $8,478,000 after buying an additional 1,005 shares in the last quarter. GSA Capital Partners LLP lifted its position 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 buying an additional 1,329 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in FRP by 1.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider's stock worth $3,267,000 after buying an additional 1,845 shares in the last quarter. Hsbc Holdings PLC lifted its position in FRP by 116.2% in the 2nd quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider's stock worth $266,000 after buying an additional 4,983 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in FRP in the 3rd quarter worth approximately $155,000. Hedge funds and other institutional investors own 45.42% of the company's stock.

FRP Stock Up 0.0 %

Shares of FRPH traded up $0.01 during mid-day trading on Friday, hitting $30.57. 18,557 shares of the company's stock were exchanged, compared to its average volume of 21,302. The firm has a fifty day moving average of $30.80 and a two-hundred day moving average of $29.98. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $33.00. The stock has a market cap of $581.75 million, a price-to-earnings ratio of 76.43 and a beta of 0.50.

FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $0.07 EPS for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The company had revenue of $10.63 million for the quarter.

Insider Transactions at FRP

In related news, Director Martin E. Stein, Jr. sold 5,000 shares of the firm's stock in a transaction 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 transaction, the director now directly owns 144,428 shares in the company, valued at approximately $4,477,268. This trade represents a 3.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John D. Milton, Jr. sold 960 shares of the firm's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $31.25, for a total transaction of $30,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,841 shares of company stock worth $339,972 in the last 90 days. 22.80% of the stock is owned by insiders.

Analyst Ratings Changes

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

About FRP

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.