R Squared Ltd Makes New Investment in FRP Holdings, Inc. (NASDAQ:FRPH)

R Squared Ltd bought a new stake in FRP Holdings, Inc. (NASDAQ:FRPH) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,130 shares of the financial services provider’s stock, valued at approximately $65,000.

Several other hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in FRP by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 9,558 shares during the period. Barclays PLC lifted its position in FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock valued at $681,000 after acquiring an additional 15,599 shares during the period. State Street Corp boosted its stake in FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock worth $8,478,000 after acquiring an additional 1,005 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in FRP by 1.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 1,845 shares during the period. Finally, GSA Capital Partners LLP increased its stake in shares of FRP by 7.1% during the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock valued at $599,000 after purchasing an additional 1,329 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, President David H. Devilliers, Jr. sold 1,281 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.22, for a total transaction of $39,992.82. Following the sale, the president now directly owns 60,987 shares of the company’s stock, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Martin E. Stein, Jr. sold 5,000 shares of FRP stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the completion of the sale, the director now owns 144,428 shares of the company’s stock, valued at $4,477,268. The trade was a 3.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 10,841 shares of company stock worth $339,972 in the last three months. Insiders own 22.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

FRP Trading Down 0.9 %

NASDAQ FRPH opened at $30.54 on Friday. The stock’s fifty day moving average price is $30.70 and its 200-day moving average price is $30.05. The stock has a market cap of $581.18 million, a P/E ratio of 76.35 and a beta of 0.50. FRP Holdings, Inc. has a 12 month low of $26.99 and a 12 month high of $33.00.

FRP (NASDAQ:FRPH) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.07 earnings per share for the quarter. The business had revenue of $10.63 million during the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%.

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.