Mountain Lake Investment Management LLC Purchases 28,749 Shares of FRP Holdings, Inc. $FRPH

Key Points

• Mountain Lake Investment Management LLC significantly increased its stake in FRP Holdings, Inc. by 287.5% in the first quarter, owning a total of 38,749 shares.
• Several institutional investors have also grown their holdings in FRP, with Northern Trust Corp increasing its stake by 14.1% and UBS AM boosting its stake by 92.3% in the fourth quarter.
• FRP Holdings, Inc. recently reported earnings of $0.03 EPS with a market capitalization of $486.73 million and a price-to-earnings ratio of 90.96.

Mountain Lake Investment Management LLC boosted its stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 287.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,749 shares of the financial services provider's stock after buying an additional 28,749 shares during the quarter. FRP makes up 1.0% of Mountain Lake Investment Management LLC's portfolio, making the stock its 19th largest position. Mountain Lake Investment Management LLC owned 0.20% of FRP worth $1,107,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD lifted its holdings in FRP by 9.3% during 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 buying an additional 1,159 shares in the last quarter. Salem Investment Counselors Inc. raised its holdings in shares of 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. Deutsche Bank AG raised its holdings in shares of FRP by 22.4% in the 4th quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 1,409 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of 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. Finally, Bank of America Corp DE raised its holdings in shares of FRP by 12.8% in the 4th quarter. Bank of America Corp DE now owns 21,353 shares of the financial services provider's stock valued at $654,000 after purchasing an additional 2,431 shares in the last quarter. Institutional investors own 45.42% of the company's stock.

FRP Price Performance

Shares of NASDAQ:FRPH traded up $0.14 during trading hours on Thursday, hitting $25.12. The company's stock had a trading volume of 27,910 shares, compared to its average volume of 42,915. FRP Holdings, Inc. has a 52 week low of $24.72 and a 52 week high of $33.00. The company has a market capitalization of $479.95 million, a price-to-earnings ratio of 89.70 and a beta of 0.62. The firm's fifty day moving average price is $26.32 and its 200 day moving average price is $27.23.

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

FRP Company 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.