Raymond James Financial Inc. acquired a new position in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 58,414 shares of the financial services provider's stock, valued at approximately $1,789,000. Raymond James Financial Inc. owned approximately 0.31% of FRP as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Rhumbline Advisers raised its position 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 worth $643,000 after acquiring an additional 465 shares in the last quarter. State Street Corp boosted its stake in FRP by 0.4% in the third quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock valued at $8,478,000 after acquiring an additional 1,005 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of FRP by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider's stock worth $3,267,000 after purchasing an additional 1,845 shares during the last quarter. R Squared Ltd acquired a new stake in shares of FRP during the fourth quarter worth about $65,000. Finally, JPMorgan Chase & Co. increased its position in shares of FRP by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider's stock worth $1,151,000 after purchasing an additional 9,558 shares in the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.
FRP Stock Down 0.9 %
NASDAQ:FRPH traded down $0.25 during mid-day trading on Friday, reaching $27.94. 118,225 shares of the stock were exchanged, compared to its average volume of 27,091. The stock has a market capitalization of $533.29 million, a P/E ratio of 69.85 and a beta of 0.53. FRP Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $33.00. The company has a 50 day simple moving average of $29.95 and a 200-day simple moving average of $30.23.
FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The firm had revenue of $10.53 million during the quarter.
FRP Company 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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