Short Interest in FRP Holdings, Inc. (NASDAQ:FRPH) Grows By 9.4%

FRP Holdings, Inc. (NASDAQ:FRPH) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totalling 118,500 shares, a growth of 9.4% from the July 15th total of 108,300 shares. Based on an average trading volume of 26,000 shares, the days-to-cover ratio is presently 4.6 days.

Insider Activity at FRP

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

Hedge Funds Weigh In On FRP

Several large investors have recently bought and sold shares of FRPH. Russell Investments Group Ltd. grew its holdings in shares of FRP by 17,245.5% during the fourth quarter. Russell Investments Group Ltd. now owns 13,356 shares of the financial services provider’s stock worth $840,000 after purchasing an additional 13,279 shares during the last quarter. Dimensional Fund Advisors LP grew 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 worth $33,630,000 after acquiring an additional 10,860 shares during the last quarter. Intrepid Capital Management Inc. increased its position 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 valued at $6,271,000 after acquiring an additional 336 shares during the period. BNP Paribas Financial Markets raised its stake in shares of FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,317 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of FRP during the first quarter worth $372,000. 45.42% of the stock is currently owned by institutional investors.

FRP Stock Performance

Shares of FRPH traded up $0.10 during trading hours on Monday, reaching $29.55. The stock had a trading volume of 9,578 shares, compared to its average volume of 22,100. FRP has a 12 month low of $26.59 and a 12 month high of $32.50. The stock has a market capitalization of $562.04 million, a PE ratio of 95.32 and a beta of 0.47. The company’s 50-day moving average is $28.99 and its two-hundred day moving average is $29.75.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of FRP from a “buy” rating to a “hold” rating in a report on Saturday.

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.