FRP (NASDAQ:FRPH) Hits New 12-Month Low - Here's What Happened

Key Points

• FRP Holdings, Inc. shares reached a new 52-week low at $24.72, indicating a drop of 7.0% with a closing price of $24.75.
• The company reported a net margin of 12.59% and a P/E ratio of 88.39, following its earnings of $0.03 per share.
• Approximately 45.42% of FRP's shares are currently owned by hedge funds and other institutional investors, reflecting a significant level of institutional interest.

FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report)'s share price reached a new 52-week low on Thursday . The company traded as low as $24.72 and last traded at $24.75, with a volume of 68784 shares traded. The stock had previously closed at $26.60.

FRP Trading Up 0.1%

The company has a market capitalization of $496.72 million, a PE ratio of 93.41 and a beta of 0.63. The stock's 50-day moving average is $26.96 and its two-hundred day moving average is $28.02.

FRP (NASDAQ:FRPH - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The financial services provider reported $0.03 earnings per share for the quarter. FRP had a net margin of 12.59% and a return on equity of 1.14%.

Institutional Trading of FRP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FRPH. Strs Ohio purchased a new stake in FRP in the 1st quarter worth about $74,000. GAMMA Investing LLC increased 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 acquiring an additional 6,068 shares during the period. Deutsche Bank AG increased its position in shares of FRP by 22.4% during the fourth quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider's stock worth $236,000 after acquiring an additional 1,409 shares during the period. Wells Fargo & Company MN increased its position in shares of FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider's stock worth $258,000 after acquiring an additional 1,704 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of FRP during the second quarter worth approximately $286,000. 45.42% of the stock is owned by hedge funds and other institutional investors.

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.