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David H. Devilliers III Sells 1,000 Shares of FRP Holdings Inc (NASDAQ:FRPH) Stock

Posted on Wednesday, June 10th, 2020 by MarketBeat

FRP Holdings Inc (NASDAQ:FRPH) VP David H. Devilliers III sold 1,000 shares of FRP stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $44.72, for a total value of $44,720.00. Following the sale, the vice president now owns 7,197 shares of the company's stock, valued at approximately $321,849.84. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NASDAQ:FRPH traded down $1.47 during mid-day trading on Wednesday, reaching $42.43. The company's stock had a trading volume of 339 shares, compared to its average volume of 29,411. The company's fifty day simple moving average is $41.78 and its two-hundred day simple moving average is $45.79. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.24 and a quick ratio of 0.24. FRP Holdings Inc has a twelve month low of $30.00 and a twelve month high of $60.89. The stock has a market cap of $423.82 million, a P/E ratio of 27.94 and a beta of 0.62.

FRPH has been the subject of a number of recent research reports. ValuEngine cut FRP from a "hold" rating to a "sell" rating in a research report on Tuesday, March 24th. BidaskClub cut FRP from a "buy" rating to a "hold" rating in a research report on Thursday, April 23rd.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. boosted its stake in FRP by 2.0% in the 1st quarter. BlackRock Inc. now owns 542,747 shares of the financial services provider's stock worth $23,337,000 after buying an additional 10,817 shares during the last quarter. Royce & Associates LP boosted its position in FRP by 1.3% during the 4th quarter. Royce & Associates LP now owns 479,818 shares of the financial services provider's stock worth $23,900,000 after acquiring an additional 6,085 shares during the period. Hyman Charles D boosted its position in FRP by 1.1% during the 1st quarter. Hyman Charles D now owns 457,567 shares of the financial services provider's stock worth $19,675,000 after acquiring an additional 4,998 shares during the period. Fenimore Asset Management Inc. boosted its position in FRP by 0.6% during the 1st quarter. Fenimore Asset Management Inc. now owns 185,861 shares of the financial services provider's stock worth $7,992,000 after acquiring an additional 1,065 shares during the period. Finally, State Street Corp boosted its position in FRP by 4.5% during the 4th quarter. State Street Corp now owns 150,325 shares of the financial services provider's stock worth $7,488,000 after acquiring an additional 6,529 shares during the period. 46.01% of the stock is currently owned by hedge funds and other institutional investors.

About FRP

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.

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