Northern Trust Corp Purchases 16,489 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

Northern Trust Corp increased its position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,030 shares of the financial services provider's stock after purchasing an additional 16,489 shares during the period. Northern Trust Corp owned 0.70% of FRP worth $4,075,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rhumbline Advisers increased its position in FRP by 2.3% during the fourth quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider's stock valued at $643,000 after acquiring an additional 465 shares during the last quarter. American Century Companies Inc. increased its position in FRP by 4.6% in the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock worth $408,000 after buying an additional 592 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in FRP by 9.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 13,586 shares of the financial services provider's stock worth $417,000 after buying an additional 1,159 shares in the last quarter. Wells Fargo & Company MN increased its position 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 worth $258,000 after buying an additional 1,704 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of FRP during the fourth quarter worth about $65,000. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Price Performance

Shares of NASDAQ:FRPH traded up $1.45 during trading on Tuesday, hitting $27.92. 27,746 shares of the company's stock were exchanged, compared to its average volume of 31,266. FRP Holdings, Inc. has a 52-week low of $25.37 and a 52-week high of $33.00. The business's 50-day simple moving average is $27.29 and its 200 day simple moving average is $29.47. The company has a market cap of $532.91 million, a price-to-earnings ratio of 69.80 and a beta of 0.59.

FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The financial services provider reported $0.09 EPS for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The company had revenue of $10.31 million during the quarter.

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.