Guardian Wealth Management Inc. boosted its stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 49.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 109,927 shares of the financial services provider's stock after purchasing an additional 36,360 shares during the period. FRP makes up about 2.1% of Guardian Wealth Management Inc.'s portfolio, making the stock its 17th biggest position. Guardian Wealth Management Inc. owned approximately 0.58% of FRP worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors also recently bought and sold shares of the stock. Raymond James Financial Inc. purchased a new stake in FRP in the fourth quarter valued at approximately $1,789,000. JPMorgan Chase & Co. boosted its position in FRP by 58.7% in the fourth quarter. JPMorgan Chase & Co. now owns 61,160 shares of the financial services provider's stock valued at $1,873,000 after buying an additional 22,620 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in FRP by 92.3% in the fourth 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 buying an additional 18,452 shares during the last quarter. Northern Trust Corp boosted its position in FRP by 14.1% in the fourth quarter. Northern Trust Corp now owns 133,030 shares of the financial services provider's stock valued at $4,075,000 after buying an additional 16,489 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in FRP in the fourth quarter valued at approximately $476,000. Hedge funds and other institutional investors own 45.42% of the company's stock.
FRP Trading Down 0.1%
FRP stock traded down $0.03 during mid-day trading on Friday, hitting $27.22. The company had a trading volume of 24,947 shares, compared to its average volume of 43,784. FRP Holdings, Inc. has a 12-month low of $25.37 and a 12-month high of $33.00. The company's fifty day moving average is $27.08 and its 200-day moving average is $28.31. The company has a market capitalization of $519.55 million, a price-to-earnings ratio of 75.61 and a beta of 0.61.
FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The financial services provider reported $0.09 EPS for the quarter. FRP had a return on equity of 1.47% and a net margin of 16.20%. The business had revenue of $10.31 million for the quarter.
FRP Company 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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