HB Wealth Management LLC Acquires Shares of 69,319 FRP Holdings, Inc. (NASDAQ:FRPH)

Key Points

• HB Wealth Management LLC has acquired a new stake in FRP Holdings, Inc., purchasing 69,319 shares valued at approximately $1,980,000.
• Several other institutional investors also increased their holdings in FRP during the first quarter, reflecting growing interest in the company's stock, with institutional investors owning 45.42% of FRP.
• FRP Holdings reported earnings of $0.09 per share for the quarter, with a revenue of $10.31 million and a net margin of 16.20%.

HB Wealth Management LLC purchased a new stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 69,319 shares of the financial services provider's stock, valued at approximately $1,980,000. HB Wealth Management LLC owned 0.36% of FRP as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in FRP in the fourth quarter valued at approximately $104,000. GAMMA Investing LLC increased its stake in shares of FRP by 4,597.0% in the first quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider's stock worth $177,000 after buying an additional 6,068 shares during the period. Deutsche Bank AG boosted its holdings in FRP by 22.4% in the fourth quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider's stock valued at $236,000 after acquiring an additional 1,409 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in FRP by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider's stock valued at $258,000 after acquiring an additional 1,704 shares in the last quarter. Finally, Two Sigma Advisers LP boosted its holdings in shares of FRP by 18.8% during the 4th quarter. Two Sigma Advisers LP now owns 12,000 shares of the financial services provider's stock valued at $368,000 after buying an additional 1,900 shares in the last quarter. Institutional investors own 45.42% of the company's stock.

FRP Price Performance

NASDAQ:FRPH traded down $0.29 during mid-day trading on Friday, hitting $26.12. 18,855 shares of the company's stock were exchanged, compared to its average volume of 43,203. FRP Holdings, Inc. has a one year low of $25.37 and a one year high of $33.00. The business has a fifty day moving average price of $27.09 and a 200 day moving average price of $28.23. The company has a market cap of $498.54 million, a PE ratio of 72.61 and a beta of 0.61.

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

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.