Insider Selling: FRP Holdings, Inc. (NASDAQ:FRPH) President Sells 1,281 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total transaction of $39,992.82. Following the completion of the transaction, the president now owns 60,987 shares of the company’s stock, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

FRP Price Performance

FRPH opened at $31.17 on Friday. FRP Holdings, Inc. has a fifty-two week low of $26.99 and a fifty-two week high of $32.50. The company has a market cap of $593.17 million, a price-to-earnings ratio of 77.93 and a beta of 0.47. The firm has a 50 day simple moving average of $29.78 and a 200 day simple moving average of $29.56.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barclays PLC grew its holdings in FRP by 217.5% during the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 15,599 shares during the period. State Street Corp grew its holdings in shares of FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after buying an additional 1,005 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of 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 purchasing an additional 1,845 shares during the last quarter. GSA Capital Partners LLP increased its stake in FRP by 7.1% in the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after buying an additional 1,329 shares during the last quarter. Finally, SG Americas Securities LLC bought a new stake in FRP during the third quarter worth about $155,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.