Two Sigma Investments LP purchased a new stake in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,548 shares of the financial services provider's stock, valued at approximately $476,000. Two Sigma Investments LP owned 0.08% of FRP at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the business. KLP Kapitalforvaltning AS bought a new position in FRP during the 4th quarter worth $104,000. Deutsche Bank AG raised its stake in FRP by 22.4% in the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider's stock worth $236,000 after purchasing an additional 1,409 shares in the last quarter. Wells Fargo & Company MN increased its stake in FRP by 25.4% during the 4th quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider's stock worth $258,000 after acquiring an additional 1,704 shares during the period. American Century Companies Inc. raised its holdings in FRP by 4.6% in the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock valued at $408,000 after acquiring an additional 592 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in FRP by 9.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 13,586 shares of the financial services provider's stock valued at $417,000 after acquiring an additional 1,159 shares in the last quarter. Institutional investors and hedge funds own 45.42% of the company's stock.
FRP Stock Up 1.7%
Shares of NASDAQ:FRPH traded up $0.47 during trading on Tuesday, reaching $27.62. 28,027 shares of the company traded hands, compared to its average volume of 42,478. The firm has a market capitalization of $527.18 million, a PE ratio of 69.05 and a beta of 0.62. FRP Holdings, Inc. has a 52 week low of $25.37 and a 52 week high of $33.00. The company's 50 day moving average is $27.01 and its two-hundred day moving average is $29.18.
FRP (NASDAQ:FRPH - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The financial services provider reported $0.09 earnings per share for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The business had revenue of $10.31 million during the quarter.
FRP Profile
(
Free Report)
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.
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