Goldman Sachs Group Inc. Purchases 44,874 Shares of FRP Holdings, Inc. $FRPH

Key Points

• Goldman Sachs Group Inc. increased its holdings in FRP Holdings, Inc. by 59.6% during the 1st quarter, acquiring an additional 44,874 shares, bringing its total to 120,192 shares valued at approximately $3.43 million.
• Other hedge funds have also significantly modified their stakes in FRP, including Northern Trust Corp with a 14.1% increase and UBS AM with a 92.3% increase in the 4th quarter.
• FRP Holdings, Inc. operates in the real estate sector in the U.S., with a current stock price of $25.02 and a market cap of $478.13 million.

Goldman Sachs Group Inc. increased its stake in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 59.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 120,192 shares of the financial services provider's stock after acquiring an additional 44,874 shares during the period. Goldman Sachs Group Inc. owned about 0.63% of FRP worth $3,434,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Northern Trust Corp grew its holdings in FRP by 14.1% in the 4th quarter. Northern Trust Corp now owns 133,030 shares of the financial services provider's stock worth $4,075,000 after acquiring an additional 16,489 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of FRP by 5,299.6% in the 1st quarter. Russell Investments Group Ltd. now owns 12,257 shares of the financial services provider's stock worth $350,000 after buying an additional 12,030 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in FRP by 92.3% during 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 during the period. Two Sigma Investments LP purchased a new position in FRP during the 4th quarter valued at $476,000. Finally, GAMMA Investing LLC raised its position in shares of FRP by 4,597.0% in the 1st quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider's stock worth $177,000 after acquiring an additional 6,068 shares in the last quarter. 45.42% of the stock is currently owned by hedge funds and other institutional investors.

FRP Stock Performance

Shares of NASDAQ FRPH traded up $0.37 during mid-day trading on Monday, hitting $24.87. 65,946 shares of the stock traded hands, compared to its average volume of 46,736. The stock has a fifty day moving average price of $25.99 and a 200-day moving average price of $26.84. The company has a market cap of $475.27 million, a price-to-earnings ratio of 88.82 and a beta of 0.62. FRP Holdings, Inc. has a 52 week low of $24.42 and a 52 week high of $33.00.

FRP (NASDAQ:FRPH - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $0.03 earnings per share for the quarter. FRP had a net margin of 12.59% and a return on equity of 1.15%.

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.