Guardian Wealth Management Inc. Increases Stake in FRP Holdings, Inc. (NASDAQ:FRPH)

Guardian Wealth Management Inc. boosted its position in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 102.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 74,145 shares of the financial services provider’s stock after purchasing an additional 37,444 shares during the period. FRP comprises 1.6% of Guardian Wealth Management Inc.’s holdings, making the stock its 21st biggest holding. Guardian Wealth Management Inc. owned approximately 0.39% of FRP worth $2,115,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. bought a new stake in FRP during the 2nd quarter valued at about $250,000. Rhumbline Advisers raised its stake in shares of FRP by 101.3% during the second quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 10,976 shares in the last quarter. LB Partners LLC boosted its holdings in shares of FRP by 100.0% in the second quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock valued at $3,588,000 after purchasing an additional 62,901 shares during the period. Hyman Charles D grew its stake in FRP by 100.0% in the second quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock worth $55,251,000 after purchasing an additional 968,822 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in FRP by 119.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 30,484 shares during the period. Institutional investors own 45.42% of the company’s stock.

FRP Stock Performance

NASDAQ:FRPH opened at $29.61 on Friday. The firm has a 50-day simple moving average of $29.20 and a 200-day simple moving average of $29.65. FRP Holdings, Inc. has a one year low of $26.59 and a one year high of $32.50. The firm has a market cap of $563.48 million, a P/E ratio of 94.00 and a beta of 0.47.

FRP (NASDAQ:FRPH) last announced its earnings results on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter. FRP had a net margin of 18.12% and a return on equity of 1.67%. The business had revenue of $10.48 million during the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com raised FRP from a “hold” rating to a “buy” rating in a research report on Sunday, August 25th.

Insider Buying and Selling at FRP

In related news, President David H. Devilliers, Jr. sold 2,280 shares of FRP stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $29.53, for a total value of $67,328.40. Following the completion of the sale, the president now directly owns 51,003 shares in the company, valued at approximately $1,506,118.59. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, President David H. Devilliers, Jr. sold 2,280 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $29.53, for a total value of $67,328.40. Following the completion of the transaction, the president now owns 51,003 shares in the company, valued at approximately $1,506,118.59. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO David H. Devilliers III sold 1,725 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $29.62, for a total value of $51,094.50. Following the completion of the transaction, the chief operating officer now owns 48,329 shares of the company’s stock, valued at $1,431,504.98. The disclosure for this sale can be found here. Insiders sold a total of 9,864 shares of company stock worth $291,536 over the last three months. Corporate insiders own 22.80% of the company’s stock.

FRP Profile

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.