Raymond James Financial Inc. Takes Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Raymond James Financial Inc. bought a new position in FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 58,414 shares of the financial services provider's stock, valued at approximately $1,789,000. Raymond James Financial Inc. owned approximately 0.31% of FRP at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of FRPH. HighTower Advisors LLC acquired a new position in FRP in the fourth quarter valued at about $59,067,000. Vanguard Group Inc. grew its position in FRP by 1.6% during the 4th quarter. Vanguard Group Inc. now owns 661,164 shares of the financial services provider's stock worth $20,251,000 after acquiring an additional 10,663 shares during the last quarter. Renaissance Technologies LLC increased its holdings in FRP by 25.8% during the 4th quarter. Renaissance Technologies LLC now owns 62,400 shares of the financial services provider's stock valued at $1,911,000 after purchasing an additional 12,800 shares in the last quarter. JPMorgan Chase & Co. raised its position in FRP by 58.7% in the 4th quarter. JPMorgan Chase & Co. now owns 61,160 shares of the financial services provider's stock valued at $1,873,000 after purchasing an additional 22,620 shares during the last quarter. Finally, Meixler Investment Management Ltd. acquired a new position in FRP in the fourth quarter worth $793,000. Institutional investors own 45.42% of the company's stock.

FRP Stock Performance

Shares of NASDAQ:FRPH opened at $27.04 on Friday. The business has a fifty day moving average of $28.17 and a 200-day moving average of $29.80. The firm has a market cap of $516.11 million, a PE ratio of 67.60 and a beta of 0.53. FRP Holdings, Inc. has a twelve month low of $25.37 and a twelve month high of $33.00.

FRP (NASDAQ:FRPH - Get Free Report) last announced its earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share for the quarter. FRP had a net margin of 18.35% and a return on equity of 1.67%. The company 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.

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