JPMorgan Chase & Co. Raises Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

JPMorgan Chase & Co. increased its stake in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 58.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 61,160 shares of the financial services provider's stock after acquiring an additional 22,620 shares during the quarter. JPMorgan Chase & Co. owned about 0.32% of FRP worth $1,873,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its position in shares of FRP by 2.3% during the 4th quarter. Rhumbline Advisers now owns 20,995 shares of the financial services provider's stock valued at $643,000 after acquiring an additional 465 shares during the last quarter. American Century Companies Inc. raised its stake in FRP by 4.6% during the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock valued at $408,000 after purchasing an additional 592 shares in the last quarter. State Street Corp lifted its position in FRP by 0.4% during the third quarter. State Street Corp now owns 283,930 shares of the financial services provider's stock valued at $8,478,000 after purchasing an additional 1,005 shares during the last quarter. R Squared Ltd purchased a new position in shares of FRP in the 4th quarter worth $65,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of FRP in the 4th quarter worth about $104,000. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Stock Down 1.1 %

FRPH traded down $0.30 on Wednesday, hitting $26.58. The company had a trading volume of 47,267 shares, compared to its average volume of 29,493. The business's fifty day simple moving average is $28.25 and its 200 day simple moving average is $29.82. The company has a market cap of $507.33 million, a PE ratio of 66.45 and a beta of 0.53. FRP Holdings, Inc. has a 12-month low of $25.37 and a 12-month high of $33.00.

FRP (NASDAQ:FRPH - Get Free Report) last released its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The firm had revenue of $10.53 million during the quarter.

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.