205,808 Shares in FRP Holdings, Inc. $FRPH Purchased by SCS Capital Management LLC

Key Points

• SCS Capital Management LLC invested approximately $5.88 million in FRP Holdings, acquiring 205,808 shares, which represents about 1.08% of the company.
• Institutional investors are increasing their stakes, with GAMMA Investing LLC raising its holding by 4,597% during the first quarter, illustrating growing confidence in FRP Holdings.
• The stock is currently trading at $25.37, having a market capitalization of $484.82 million and a price-to-earnings ratio of 90.61.

SCS Capital Management LLC acquired a new position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 205,808 shares of the financial services provider's stock, valued at approximately $5,880,000. SCS Capital Management LLC owned 1.08% of FRP at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in FRP by 4,597.0% in the 1st 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 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 during the period. Russell Investments Group Ltd. boosted its holdings in 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. Two Sigma Advisers LP boosted its holdings in 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 during the period. Finally, Price T Rowe Associates Inc. MD boosted its holdings in FRP by 9.3% in 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 purchasing an additional 1,159 shares during the period. 45.42% of the stock is owned by institutional investors.

FRP Price Performance

NASDAQ:FRPH traded down $0.05 during trading hours on Monday, hitting $25.20. The stock had a trading volume of 13,364 shares, compared to its average volume of 42,851. The company has a 50 day simple moving average of $26.24 and a two-hundred day simple moving average of $27.09. FRP Holdings, Inc. has a one year low of $24.72 and a one year high of $33.00. The firm has a market capitalization of $481.57 million, a price-to-earnings ratio of 89.98 and a beta of 0.62.

FRP (NASDAQ:FRPH - Get Free Report) last announced 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.