FRP Holdings, Inc. (NASDAQ:FRPH – Get Rating) EVP John D. Milton, Jr. sold 5,912 shares of the business’s stock in a transaction dated Monday, March 13th. The shares were sold at an average price of $55.98, for a total value of $330,953.76. Following the completion of the transaction, the executive vice president now directly owns 2,158 shares in the company, valued at $120,804.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
FRP Price Performance
Shares of NASDAQ:FRPH opened at $56.00 on Wednesday. The company has a market capitalization of $529.76 million, a price-to-earnings ratio of 116.67 and a beta of 0.58. The business’s 50-day moving average is $56.21 and its 200-day moving average is $56.59. FRP Holdings, Inc. has a 1 year low of $53.08 and a 1 year high of $63.52.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Hyman Charles D raised its stake in FRP by 1.2% during the 3rd quarter. Hyman Charles D now owns 966,660 shares of the financial services provider’s stock worth $52,548,000 after buying an additional 11,217 shares during the period. Vanguard Group Inc. raised its stake in FRP by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 636,795 shares of the financial services provider’s stock worth $34,616,000 after buying an additional 11,212 shares during the period. Dimensional Fund Advisors LP raised its stake in FRP by 1.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 486,138 shares of the financial services provider’s stock worth $26,427,000 after buying an additional 8,392 shares during the period. Raymond James & Associates acquired a new position in FRP during the 3rd quarter worth approximately $446,000. Finally, Amundi acquired a new position in FRP during the 4th quarter worth approximately $390,000. 45.89% of the stock is owned by institutional investors and hedge funds.
FRP Holdings, Inc is a holding company, which engages in the provision of real estate business. It operates through the following segments: Asset Management, Development, Mining Royalty Lands and Stabilized Joint Venture. The Asset Management segment owns, leases and manages warehouse and office buildings primarily located in the Baltimore, Northern Virginia and Washington DC area.
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