Short Interest in Five Point Holdings, LLC (NYSE:FPH) Expands By 20.7%

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 404,422 shares, an increase of 20.7% from the January 15th total of 335,128 shares. Based on an average daily volume of 160,832 shares, the short-interest ratio is presently 2.5 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average daily volume of 160,832 shares, the short-interest ratio is presently 2.5 days.

Insider Transactions at Five Point

In related news, insider Kim Tobler sold 18,714 shares of the business’s stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $6.01, for a total transaction of $112,471.14. Following the completion of the transaction, the insider directly owned 35,636 shares in the company, valued at $214,172.36. The trade was a 34.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Five Point

A number of institutional investors have recently added to or reduced their stakes in the stock. JBF Capital Inc. acquired a new position in Five Point during the fourth quarter worth $56,000. State of Wyoming acquired a new stake in shares of Five Point in the second quarter valued at about $58,000. Occudo Quantitative Strategies LP increased its stake in shares of Five Point by 17.7% during the third quarter. Occudo Quantitative Strategies LP now owns 16,844 shares of the company’s stock worth $103,000 after purchasing an additional 2,537 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Five Point during the 2nd quarter worth about $128,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Five Point during the 4th quarter worth about $138,000. Institutional investors and hedge funds own 38.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings downgraded Five Point from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, February 12th. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

Five Point Stock Performance

Shares of Five Point stock opened at $5.40 on Thursday. The firm has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $5.78. Five Point has a fifty-two week low of $4.58 and a fifty-two week high of $6.64. The company has a market cap of $794.18 million, a P/E ratio of 5.63 and a beta of 1.40.

Five Point (NYSE:FPH) last announced its quarterly earnings results on Thursday, January 29th. The company reported $0.31 earnings per share for the quarter. The firm had revenue of $75.90 million during the quarter. Five Point had a return on equity of 3.17% and a net margin of 64.50%.

Five Point Company Profile

Five Point Holdings, L.P. (NYSE:FPH) is a California‐based master planned community developer specializing in residential, commercial and mixed‐use projects. Headquartered in Walnut Creek, the company focuses on acquiring and entitling raw land, designing infrastructure and delivering fully integrated neighborhoods that include single‐family homes, multifamily housing, retail centers, office space and community amenities.

Since its formation in 2014, Five Point has concentrated its land development efforts in the San Francisco Bay Area and the Los Angeles Basin, targeting key growth corridors with large‐scale, long-term projects.