Robotti Robert Has $1.23 Million Stock Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

Robotti Robert cut its position in FRP Holdings, Inc. (NASDAQ:FRPH) by 13.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,000 shares of the financial services provider’s stock after selling 3,000 shares during the period. Robotti Robert owned 0.11% of FRP worth $1,228,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,317 shares in the last quarter. SG Americas Securities LLC lifted its position in FRP by 24.6% in the 4th quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider’s stock valued at $236,000 after acquiring an additional 743 shares in the last quarter. State Board of Administration of Florida Retirement System bought a new position in FRP in the 1st quarter valued at about $248,000. Mountain Lake Investment Management LLC bought a new position in FRP in the 1st quarter valued at about $307,000. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in FRP in the 1st quarter valued at about $372,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.

FRP Stock Performance

Shares of FRP stock traded down $0.79 during mid-day trading on Monday, hitting $29.48. 19,245 shares of the stock were exchanged, compared to its average volume of 21,850. FRP Holdings, Inc. has a 12 month low of $26.59 and a 12 month high of $32.50. The company has a 50-day simple moving average of $29.31 and a 200 day simple moving average of $29.79. The company has a market capitalization of $560.71 million, a P/E ratio of 93.59 and a beta of 0.47.

FRP (NASDAQ:FRPH) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.07 EPS for the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%. The firm had revenue of $10.13 million for the quarter.

Insider Buying and Selling

In related news, EVP John D. Milton, Jr. sold 1,500 shares of FRP stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $30.40, for a total value of $45,600.00. Following the sale, the executive vice president now owns 960 shares of the company’s stock, valued at approximately $29,184. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com cut shares of FRP from a “buy” rating to a “hold” rating in a research report on Thursday, May 30th.

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.