FRP Holdings, Inc. (FRPH) VP John D. Milton, Jr. Sells 3,000 Shares
FRP Holdings, Inc. (NASDAQ:FRPH) VP John D. Milton, Jr. sold 3,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was sold at an average price of $44.59, for a total transaction of $133,770.00. Following the transaction, the vice president now directly owns 3,000 shares in the company, valued at approximately $133,770. The transaction was disclosed in a filing with the SEC, which is available through this link.
FRP Holdings, Inc. (NASDAQ FRPH) traded down 0.67% during trading on Friday, hitting $44.45. 8,289 shares of the stock were exchanged. FRP Holdings, Inc. has a 52 week low of $28.90 and a 52 week high of $49.35. The stock has a market cap of $444.59 million, a P/E ratio of 60.48 and a beta of 0.55. The stock has a 50 day moving average of $45.99 and a 200-day moving average of $42.33.
FRP Holdings (NASDAQ:FRPH) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.17 EPS for the quarter, topping the consensus estimate of $0.14 by $0.03. The business had revenue of $9.36 million for the quarter. FRP Holdings had a net margin of 17.90% and a return on equity of 3.40%. Equities analysts expect that FRP Holdings, Inc. will post $0.77 EPS for the current fiscal year.
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Separately, BidaskClub raised shares of FRP Holdings from a “hold” rating to a “buy” rating in a research report on Monday, July 31st.
Hedge funds and other institutional investors have recently modified their holdings of the company. California Public Employees Retirement System increased its position in shares of FRP Holdings by 2.3% in the second quarter. California Public Employees Retirement System now owns 45,000 shares of the financial services provider’s stock valued at $2,077,000 after buying an additional 1,000 shares in the last quarter. Vanguard Group Inc. increased its position in shares of FRP Holdings by 3.0% in the second quarter. Vanguard Group Inc. now owns 222,766 shares of the financial services provider’s stock valued at $10,280,000 after buying an additional 6,435 shares in the last quarter. Northern Trust Corp increased its position in shares of FRP Holdings by 7.8% in the second quarter. Northern Trust Corp now owns 80,532 shares of the financial services provider’s stock valued at $3,717,000 after buying an additional 5,846 shares in the last quarter. Teachers Advisors LLC increased its position in shares of FRP Holdings by 27.5% in the second quarter. Teachers Advisors LLC now owns 12,326 shares of the financial services provider’s stock valued at $569,000 after buying an additional 2,662 shares in the last quarter. Finally, Alliancebernstein L.P. purchased a new position in shares of FRP Holdings during the second quarter valued at about $277,000. Hedge funds and other institutional investors own 45.14% of the company’s stock.
About FRP Holdings
FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).
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