FRP Holdings, Inc. (NASDAQ:FRPH - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $27.04, but opened at $27.96. FRP shares last traded at $27.60, with a volume of 50,602 shares.
FRP Trading Down 0.7 %
The firm has a 50-day simple moving average of $27.73 and a two-hundred day simple moving average of $29.70. The stock has a market cap of $522.03 million, a P/E ratio of 68.38 and a beta of 0.59.
FRP (NASDAQ:FRPH - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $10.53 million during the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. HighTower Advisors LLC bought a new stake in shares of FRP during the 4th quarter worth approximately $59,067,000. Dimensional Fund Advisors LP boosted its holdings in shares of FRP by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,135,837 shares of the financial services provider's stock valued at $34,790,000 after purchasing an additional 14,124 shares in the last quarter. Vanguard Group Inc. boosted its stake in FRP by 1.3% in the first quarter. Vanguard Group Inc. now owns 669,922 shares of the financial services provider's stock valued at $19,140,000 after buying an additional 8,758 shares in the last quarter. Northern Trust Corp increased its position in FRP by 14.1% during the 4th quarter. Northern Trust Corp now owns 133,030 shares of the financial services provider's stock worth $4,075,000 after purchasing an additional 16,489 shares in the last quarter. Finally, Salem Investment Counselors Inc. lifted its stake in shares of FRP by 1.1% in the 1st quarter. Salem Investment Counselors Inc. now owns 111,434 shares of the financial services provider's stock valued at $3,184,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors and hedge funds own 45.42% of the company's stock.
FRP Company Profile
(
Get Free Report)
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.
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