FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. Sells 1,029 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the completion of the transaction, the director now owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

FRP Stock Up 0.8 %

Shares of NASDAQ:FRPH opened at $32.03 on Thursday. FRP Holdings, Inc. has a 52-week low of $26.99 and a 52-week high of $33.00. The stock has a market cap of $609.53 million, a price-to-earnings ratio of 80.08 and a beta of 0.47. The business has a 50-day moving average price of $30.16 and a 200-day moving average price of $29.60.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FRPH. Trust Co. of Vermont raised its position in FRP by 100.0% during the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 850 shares in the last quarter. State Street Corp lifted its holdings 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 during the period. GSA Capital Partners LLP lifted its holdings 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 valued at $599,000 after acquiring an additional 1,329 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in FRP by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock valued at $3,267,000 after acquiring an additional 1,845 shares during the period. Finally, State Board of Administration of Florida Retirement System acquired a new position in FRP in the first quarter valued at approximately $248,000. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut 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.