Renaissance Technologies LLC lifted its holdings in shares of FRP Holdings, Inc. (NASDAQ:FRPH - Free Report) by 25.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 62,400 shares of the financial services provider's stock after purchasing an additional 12,800 shares during the period. Renaissance Technologies LLC owned 0.33% of FRP worth $1,911,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of FRPH. R Squared Ltd bought a new position in shares of FRP in the 4th quarter valued at about $65,000. KLP Kapitalforvaltning AS acquired a new position in shares of FRP in the 4th quarter worth approximately $104,000. Wells Fargo & Company MN lifted its holdings in FRP by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider's stock valued at $258,000 after buying an additional 1,704 shares during the period. American Century Companies Inc. raised its position in shares of FRP by 4.6% in the 4th quarter. American Century Companies Inc. now owns 13,328 shares of the financial services provider's stock worth $408,000 after acquiring an additional 592 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in FRP in the fourth quarter worth approximately $517,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.
FRP Trading Up 3.0 %
NASDAQ FRPH traded up $0.79 on Thursday, hitting $27.38. 22,821 shares of the company were exchanged, compared to its average volume of 29,469. The stock has a fifty day moving average of $28.25 and a 200-day moving average of $29.82. FRP Holdings, Inc. has a 12 month low of $25.37 and a 12 month high of $33.00. The company has a market cap of $522.60 million, a PE ratio of 68.26 and a beta of 0.53.
FRP (NASDAQ:FRPH - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The financial services provider reported $0.09 earnings per share for the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%. The business 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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