Mountain Lake Investment Management LLC Raises Holdings in 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 grew its holdings in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 287.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 38,749 shares of the financial services provider's stock after buying an additional 28,749 shares during the quarter. FRP makes up about 1.0% of Mountain Lake Investment Management LLC's investment portfolio, making the stock its 19th largest holding. Mountain Lake Investment Management LLC owned approximately 0.20% of FRP worth $1,107,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp lifted 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 buying an additional 16,489 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 during the period. Two Sigma Investments LP purchased a new position in shares of FRP in the 4th quarter valued at approximately $476,000. GAMMA Investing LLC lifted its stake 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 valued at $177,000 after purchasing an additional 6,068 shares during the period. Finally, Russell Investments Group Ltd. lifted its stake 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 valued at $350,000 after purchasing an additional 12,030 shares during the period. Hedge funds and other institutional investors own 45.42% of the company's stock.

FRP Stock Performance

FRPH stock opened at $25.47 on Friday. The firm has a 50 day moving average price of $26.42 and a 200-day moving average price of $27.35. FRP Holdings, Inc. has a 52-week low of $24.72 and a 52-week high of $33.00. The firm has a market capitalization of $486.73 million, a price-to-earnings ratio of 90.96 and a beta of 0.62.

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

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.

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