Lee Danner & Bass Inc. Invests $823,000 in Five Point Holdings, LLC $FPH

Lee Danner & Bass Inc. acquired a new stake in Five Point Holdings, LLC (NYSE:FPH) during the first quarter, HoldingsChannel.com reports. The fund acquired 170,000 shares of the company’s stock, valued at approximately $823,000.

Several other large investors also recently modified their holdings of the company. Saber Capital Managment LLC acquired a new stake in Five Point during the 4th quarter worth about $2,247,000. Flax Pond Capital LLC acquired a new position in shares of Five Point in the 4th quarter valued at about $699,000. Wittenberg Investment Management Inc. acquired a new position in shares of Five Point in the 4th quarter valued at about $416,000. Squarepoint Ops LLC bought a new stake in shares of Five Point during the 4th quarter valued at about $138,000. Finally, JBF Capital Inc. bought a new stake in shares of Five Point during the 4th quarter valued at about $56,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

Five Point Stock Up 0.5%

Shares of NYSE FPH opened at $5.25 on Monday. The firm has a market cap of $778.88 million, a PE ratio of 8.60 and a beta of 1.32. Five Point Holdings, LLC has a 12-month low of $4.60 and a 12-month high of $6.64. The company’s fifty day simple moving average is $5.03 and its 200 day simple moving average is $5.23.

Five Point (NYSE:FPH) last posted its quarterly earnings results on Thursday, April 23rd. The company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Five Point had a net margin of 41.16% and a return on equity of 1.99%. The firm had revenue of $13.58 million during the quarter, compared to the consensus estimate of $8.61 million.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded Five Point from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold”.

Five Point 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.