Meixler Investment Management Ltd. Takes $793,000 Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Meixler Investment Management Ltd. acquired a new stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,891 shares of the financial services provider's stock, valued at approximately $793,000. Meixler Investment Management Ltd. owned approximately 0.14% of FRP as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in FRPH. R Squared Ltd bought a new stake in FRP in the fourth quarter worth approximately $65,000. SG Americas Securities LLC bought a new stake in FRP in the third quarter worth approximately $155,000. GSA Capital Partners LLP grew its position in FRP by 7.1% in the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider's stock worth $599,000 after acquiring an additional 1,329 shares in the last quarter. Rhumbline Advisers grew its position in FRP by 2.3% in the fourth quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider's stock worth $643,000 after acquiring an additional 465 shares in the last quarter. Finally, Barclays PLC grew its position in FRP by 217.5% in the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider's stock worth $681,000 after acquiring an additional 15,599 shares in the last quarter. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Price Performance

Shares of NASDAQ FRPH traded down $0.51 during trading hours on Thursday, hitting $31.00. 18,181 shares of the stock were exchanged, compared to its average volume of 27,248. The company's 50 day moving average is $30.47 and its 200 day moving average is $30.19. The firm has a market capitalization of $589.93 million, a P/E ratio of 77.50 and a beta of 0.50. FRP Holdings, Inc. has a one year low of $26.99 and a one year high of $33.00.

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.

Insider Buying and Selling

In related news, Director Martin E. Stein, Jr. sold 1,029 shares of the company's stock in a transaction 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 completion of the sale, the director now directly owns 138,399 shares of the company's stock, valued at approximately $4,567,167. This represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 22.80% of the stock is owned by insiders.

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.