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Five Point (NYSE:FPH) Shares Gap Up - Here's What Happened

Five Point logo with Finance background

Five Point Holdings, LLC (NYSE:FPH - Get Free Report)'s stock price gapped up prior to trading on Friday . The stock had previously closed at $5.20, but opened at $5.46. Five Point shares last traded at $5.48, with a volume of 198,699 shares.

Wall Street Analyst Weigh In

Separately, Zelman & Associates upgraded Five Point from a "neutral" rating to an "outperform" rating in a research report on Monday, January 27th.

Get Our Latest Report on FPH

Five Point Stock Down 1.5 %

The stock has a market capitalization of $779.25 million, a PE ratio of 5.46 and a beta of 1.46. The business's fifty day moving average is $5.27 and its two-hundred day moving average is $4.65.

Five Point (NYSE:FPH - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.32 earnings per share for the quarter. Five Point had a return on equity of 3.38% and a net margin of 28.70%. The company had revenue of $13.16 million for the quarter.

Insider Buying and Selling at Five Point

In related news, insider Kim Tobler sold 18,496 shares of the business's stock in a transaction that occurred on Saturday, March 8th. The shares were sold at an average price of $5.78, for a total value of $106,906.88. Following the sale, the insider now directly owns 17,927 shares in the company, valued at $103,618.06. The trade was a 50.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 21.49% of the stock is currently owned by company insiders.

Institutional Trading of Five Point

Several institutional investors have recently made changes to their positions in FPH. Lazard Asset Management LLC bought a new stake in shares of Five Point during the fourth quarter worth $45,000. Envestnet Asset Management Inc. raised its stake in Five Point by 21.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 17,364 shares of the company's stock valued at $66,000 after acquiring an additional 3,052 shares during the period. Jump Financial LLC acquired a new stake in Five Point in the 4th quarter worth about $70,000. Wolverine Trading LLC acquired a new position in shares of Five Point during the 4th quarter worth $74,000. Finally, Meixler Investment Management Ltd. bought a new position in shares of Five Point during the fourth quarter valued at $75,000. 38.09% of the stock is currently owned by institutional investors and hedge funds.

About Five Point

(Get Free Report)

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.

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