FRP Holdings, Inc. (NASDAQ:FRPH) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 661,164 shares of the financial services provider's stock after acquiring an additional 10,663 shares during the period. Vanguard Group Inc. owned 3.47% of FRP worth $20,251,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in FRP in the fourth quarter valued at $104,000. American Century Companies Inc. raised its holdings in FRP by 4.6% in the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock valued at $408,000 after buying an additional 592 shares during the period. HighTower Advisors LLC acquired a new position in FRP in the fourth quarter valued at about $59,067,000. Raymond James Financial Inc. purchased a new position in FRP during the fourth quarter worth about $1,789,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of FRP during the fourth quarter valued at about $517,000. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

FRP Price Performance

Shares of FRPH stock traded up $0.27 during trading hours on Tuesday, hitting $26.95. The company had a trading volume of 66,250 shares, compared to its average volume of 28,840. FRP Holdings, Inc. has a fifty-two week low of $25.37 and a fifty-two week high of $33.00. The company's fifty day moving average is $28.79 and its 200 day moving average is $29.95. The stock has a market capitalization of $514.39 million, a PE ratio of 67.38 and a beta of 0.53.

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. The business had revenue of $10.53 million during the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%.

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.