FRP Holdings, Inc. (NASDAQ:FRPH) EVP Sells $30,000.00 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) EVP John D. Milton, Jr. sold 960 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

FRP Stock Up 0.1 %

Shares of FRPH stock traded up $0.04 during trading hours on Thursday, hitting $30.69. 3,997 shares of the company’s stock were exchanged, compared to its average volume of 21,791. The firm has a 50 day moving average of $29.68 and a two-hundred day moving average of $29.55. FRP Holdings, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $32.50. The firm has a market cap of $584.03 million, a P/E ratio of 76.63 and a beta of 0.47.

Hedge Funds Weigh In On FRP

A number of institutional investors and hedge funds have recently bought and sold shares of FRPH. BNP Paribas Financial Markets boosted its stake in FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after buying an additional 1,317 shares during the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in FRP in the 1st quarter valued at approximately $248,000. Vanguard Group Inc. raised its holdings in shares of FRP by 2.1% in the 1st quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock valued at $19,990,000 after buying an additional 6,741 shares during the period. Mountain Lake Investment Management LLC purchased a new stake in FRP during the first quarter worth about $307,000. Finally, Trust Co. of Vermont lifted its position in shares of FRP by 100.0% during the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 850 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com lowered FRP from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th.

FRP Company Profile

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.