FRP (NASDAQ:FRPH) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.78 and traded as high as $32.27. FRP shares last traded at $31.95, with a volume of 14,743 shares.

Analyst Ratings Changes

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

FRP Trading Down 0.6 %

The stock has a 50-day simple moving average of $30.71 and a two-hundred day simple moving average of $29.78. The firm has a market capitalization of $608.01 million, a P/E ratio of 79.88 and a beta of 0.50.

Insider Buying and Selling

In related news, President David H. Devilliers, Jr. sold 1,281 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the completion of the sale, the president now directly owns 60,987 shares in the company, valued at $1,904,014.14. This represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Martin E. Stein, Jr. sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $31.00, for a total value of $155,000.00. Following the sale, the director now directly owns 144,428 shares in the company, valued at approximately $4,477,268. The trade was a 3.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,566 shares of company stock valued at $390,514 over the last three months. 22.80% of the stock is owned by company insiders.

Institutional Trading of FRP

Institutional investors have recently modified their holdings of the company. Hyman Charles D lifted its position in FRP by 100.0% during the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock valued at $55,251,000 after acquiring an additional 968,822 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of FRP by 101.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock worth $31,266,000 after purchasing an additional 553,265 shares in the last quarter. State Street Corp lifted its holdings in shares of FRP by 0.4% during the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after purchasing an additional 1,005 shares during the last quarter. LB Partners LLC boosted its position in shares of FRP by 100.0% in the 2nd quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after purchasing an additional 62,901 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in FRP by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after buying an additional 1,845 shares during the last quarter. 45.42% of the stock is currently owned by institutional investors.

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.