Short Interest in FRP Holdings, Inc. (NASDAQ:FRPH) Grows By 8.2%

FRP Holdings, Inc. (NASDAQ:FRPH) saw a significant increase in short interest during the month of June. As of June 30th, there was short interest totalling 82,200 shares, an increase of 8.2% from the June 15th total of 76,000 shares. Based on an average daily volume of 22,300 shares, the short-interest ratio is currently 3.7 days.

Wall Street Analyst Weigh In

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research note on Thursday, May 30th.

Insider Activity

In other FRP news, EVP John D. Milton, Jr. sold 1,500 shares of FRP stock in a transaction that occurred on Wednesday, June 12th. The shares were sold at an average price of $30.40, for a total transaction of $45,600.00. Following the transaction, the executive vice president now owns 960 shares of the company’s stock, valued at approximately $29,184. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 22.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its holdings in FRP by 2.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 534,826 shares of the financial services provider’s stock valued at $33,630,000 after acquiring an additional 10,860 shares during the period. Vanguard Group Inc. raised its stake in shares of FRP by 2.1% during the 1st quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock valued at $19,990,000 after purchasing an additional 6,741 shares during the period. Salem Investment Counselors Inc. lifted its holdings in FRP by 98.9% during the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock worth $3,158,000 after purchasing an additional 55,067 shares in the last quarter. Intrepid Capital Management Inc. boosted its stake in FRP by 0.3% in the 4th quarter. Intrepid Capital Management Inc. now owns 99,731 shares of the financial services provider’s stock worth $6,271,000 after purchasing an additional 336 shares during the period. Finally, LB Partners LLC purchased a new position in FRP during the 4th quarter valued at about $3,955,000. Institutional investors own 45.42% of the company’s stock.

FRP Stock Performance

FRPH traded down $0.48 during midday trading on Thursday, reaching $30.00. The company had a trading volume of 17,135 shares, compared to its average volume of 21,699. The business has a 50-day moving average price of $29.36 and a two-hundred day moving average price of $29.82. FRP has a 12-month low of $26.59 and a 12-month high of $32.50. The stock has a market cap of $570.60 million, a PE ratio of 95.24 and a beta of 0.47.

FRP (NASDAQ:FRPH) last posted its quarterly earnings data on Wednesday, May 8th. The financial services provider reported $0.07 EPS for the quarter. FRP had a return on equity of 1.35% and a net margin of 14.54%. The business had revenue of $10.13 million for the quarter.

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.