John D. Milton, Jr. Sells 3,375 Shares of FRP Holdings Inc (FRPH) Stock

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FRP Holdings Inc (NASDAQ:FRPH) CFO John D. Milton, Jr. sold 3,375 shares of the business’s stock in a transaction on Tuesday, December 4th. The stock was sold at an average price of $46.50, for a total transaction of $156,937.50. Following the completion of the transaction, the chief financial officer now directly owns 3,375 shares in the company, valued at approximately $156,937.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

FRPH stock opened at $44.96 on Friday. FRP Holdings Inc has a one year low of $41.90 and a one year high of $67.70. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $459.89 million, a PE ratio of 123.35 and a beta of 0.57.

FRP (NASDAQ:FRPH) last released its earnings results on Wednesday, November 7th. The financial services provider reported $0.20 EPS for the quarter. FRP had a net margin of 376.58% and a return on equity of 1.39%. The firm had revenue of $5.74 million for the quarter.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of FRP by 9.8% in the third quarter. Vanguard Group Inc. now owns 700,043 shares of the financial services provider’s stock worth $43,473,000 after buying an additional 62,580 shares in the last quarter. MetLife Investment Advisors LLC increased its position in FRP by 59.6% in the third quarter. MetLife Investment Advisors LLC now owns 5,410 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 2,021 shares during the last quarter. Dimensional Fund Advisors LP increased its position in FRP by 3.6% in the third quarter. Dimensional Fund Advisors LP now owns 436,174 shares of the financial services provider’s stock worth $27,087,000 after purchasing an additional 15,135 shares during the last quarter. FMR LLC increased its position in FRP by 3.1% in the third quarter. FMR LLC now owns 50,296 shares of the financial services provider’s stock worth $3,124,000 after purchasing an additional 1,529 shares during the last quarter. Finally, BlackRock Inc. increased its position in FRP by 2.5% in the third quarter. BlackRock Inc. now owns 512,544 shares of the financial services provider’s stock worth $31,828,000 after purchasing an additional 12,497 shares during the last quarter. 49.94% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently commented on FRPH shares. ValuEngine downgraded shares of FRP from a “buy” rating to a “hold” rating in a report on Tuesday, October 2nd. BidaskClub downgraded shares of FRP from a “buy” rating to a “hold” rating in a report on Friday, September 21st.

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FRP Company Profile

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Land Development and Construction, and RiverFront on the Anacostia. The Asset Management segment owns, leases, and manages warehouses and office buildings primarily located in the Baltimore, northern Virginia, and Washington, DC market areas.

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