Raymond James Financial Inc. acquired a new position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,414 shares of the financial services provider's stock, valued at approximately $1,789,000. Raymond James Financial Inc. owned 0.31% of FRP at the end of the most recent reporting period.
Several other large investors have also modified their holdings of FRPH. Rhumbline Advisers boosted its holdings in 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 period. American Century Companies Inc. lifted its position in shares of FRP by 4.6% during the fourth quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock worth $408,000 after purchasing an additional 592 shares during the last quarter. Wells Fargo & Company MN boosted its stake 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 valued at $258,000 after purchasing an additional 1,704 shares during the period. R Squared Ltd bought a new position in shares of FRP in the fourth quarter worth about $65,000. Finally, KLP Kapitalforvaltning AS purchased a new position in FRP in the 4th quarter worth about $104,000. Hedge funds and other institutional investors own 45.42% of the company's stock.
FRP Stock Performance
FRP stock traded down $0.21 during trading hours on Wednesday, hitting $27.59. The company had a trading volume of 40,108 shares, compared to its average volume of 29,936. The firm has a market cap of $526.61 million, a P/E ratio of 68.98 and a beta of 0.59. The company has a 50-day moving average price of $27.88 and a two-hundred day moving average price of $29.73. FRP Holdings, Inc. has a 1 year low of $25.37 and a 1 year high of $33.00.
FRP (NASDAQ:FRPH - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share (EPS) for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The company had revenue of $10.53 million for the quarter.
About FRP
(
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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