FRP Holdings, Inc. $FRPH Shares Sold by Robotti Robert

Key Points

• Robotti Robert reduced its stock position in FRP Holdings, Inc. by 59.1%, selling 13,000 shares during the first quarter and holding 9,000 shares worth approximately $257,000.
• Other institutional investors, including Wells Fargo & Company and Deutsche Bank AG, reported increases in their holdings of FRP, suggesting ongoing interest in the company from various hedge funds.
• FRP Holdings has a market cap of $508.52 million and a P/E ratio of 95.04, with shares currently priced at $26.61 and trading within a 12-month range of $24.72 to $33.00.

Robotti Robert reduced its position in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 59.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,000 shares of the financial services provider's stock after selling 13,000 shares during the period. Robotti Robert's holdings in FRP were worth $257,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of FRP by 4,597.0% during the first quarter. GAMMA Investing LLC now owns 6,200 shares of the financial services provider's stock worth $177,000 after purchasing an additional 6,068 shares in the last quarter. Deutsche Bank AG raised 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 raised 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. Two Sigma Advisers LP raised its holdings in FRP by 18.8% in the fourth quarter. Two Sigma Advisers LP now owns 12,000 shares of the financial services provider's stock valued at $368,000 after acquiring an additional 1,900 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its holdings in FRP by 5,299.6% in the first quarter. Russell Investments Group Ltd. now owns 12,257 shares of the financial services provider's stock valued at $350,000 after acquiring an additional 12,030 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

FRP Price Performance

FRPH traded up $0.38 during trading on Tuesday, hitting $26.00. The company had a trading volume of 18,461 shares, compared to its average volume of 43,359. The company has a market cap of $496.83 million, a PE ratio of 92.86 and a beta of 0.63. The business has a 50-day moving average of $26.84 and a 200-day moving average of $27.83. FRP Holdings, Inc. has a 1-year low of $24.72 and a 1-year high of $33.00.

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

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.