FRP Holdings, Inc. (NASDAQ:FRPH) Position Lowered by DAVENPORT & Co LLC

DAVENPORT & Co LLC reduced its stake in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 54.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,406 shares of the financial services provider's stock after selling 110,793 shares during the period. DAVENPORT & Co LLC owned approximately 0.49% of FRP worth $2,678,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. increased its holdings in FRP by 1.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 111,434 shares of the financial services provider's stock valued at $3,184,000 after purchasing an additional 1,250 shares in the last quarter. GAMMA Investing LLC increased its holdings in FRP by 4,597.0% in the 1st quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider's stock valued at $177,000 after purchasing an additional 6,068 shares in the last quarter. Palisades Investment Partners LLC increased its holdings in FRP by 8.1% in the 4th quarter. Palisades Investment Partners LLC now owns 45,697 shares of the financial services provider's stock valued at $1,400,000 after purchasing an additional 3,411 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in FRP by 92.3% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 38,447 shares of the financial services provider's stock valued at $1,178,000 after purchasing an additional 18,452 shares in the last quarter. Finally, Two Sigma Advisers LP increased its holdings in FRP by 18.8% in the 4th quarter. Two Sigma Advisers LP now owns 12,000 shares of the financial services provider's stock valued at $368,000 after purchasing an additional 1,900 shares in the last quarter. 45.42% of the stock is currently owned by institutional investors and hedge funds.

FRP Stock Up 0.2%

Shares of FRP stock traded up $0.05 during trading hours on Tuesday, hitting $26.82. 49,197 shares of the company's stock traded hands, compared to its average volume of 34,356. The stock has a 50 day simple moving average of $27.10 and a 200-day simple moving average of $28.55. The company has a market cap of $511.99 million, a PE ratio of 74.50 and a beta of 0.61. FRP Holdings, Inc. has a twelve month low of $25.37 and a twelve month high of $33.00.

FRP (NASDAQ:FRPH - Get Free Report) last announced its earnings results on Monday, May 12th. The financial services provider reported $0.09 earnings per share for the quarter. The company had revenue of $10.31 million during the quarter. FRP had a return on equity of 1.47% and a net margin of 16.20%.

FRP Profile

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.