FRP Holdings, Inc. (NASDAQ:FRPH) Shares Purchased by GSA Capital Partners LLP

GSA Capital Partners LLP boosted its holdings in FRP Holdings, Inc. (NASDAQ:FRPH) by 7.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,065 shares of the financial services provider’s stock after acquiring an additional 1,329 shares during the quarter. GSA Capital Partners LLP’s holdings in FRP were worth $599,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in FRPH. Trust Co. of Vermont increased its position in FRP by 100.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 850 shares during the period. SG Americas Securities LLC acquired a new stake in FRP in the 3rd quarter valued at approximately $155,000. BNP Paribas Financial Markets increased its position in FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after acquiring an additional 1,317 shares during the period. State Board of Administration of Florida Retirement System acquired a new stake in FRP in the 1st quarter valued at approximately $248,000. Finally, American Century Companies Inc. acquired a new position in shares of FRP during the 2nd quarter valued at $250,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.

FRP Stock Performance

Shares of FRPH stock opened at $31.57 on Tuesday. FRP Holdings, Inc. has a 1 year low of $26.99 and a 1 year high of $32.50. The stock has a market cap of $600.78 million, a PE ratio of 78.93 and a beta of 0.47. The business’s fifty day moving average is $29.84 and its 200-day moving average is $29.56.

Wall Street Analyst Weigh In

Separately, StockNews.com cut FRP from a “buy” rating to a “hold” rating in a research report on Thursday, November 7th.

Insider Activity

In other news, President David H. Devilliers, Jr. sold 4,134 shares of FRP stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $30.00, for a total transaction of $124,020.00. Following the transaction, the president now directly owns 62,755 shares in the company, valued at approximately $1,882,650. This trade represents a 6.18 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO David H. Devilliers III sold 1,725 shares of FRP stock in a transaction on Friday, September 6th. The shares were sold at an average price of $28.46, for a total value of $49,093.50. Following the transaction, the chief operating officer now owns 46,604 shares in the company, valued at approximately $1,326,349.84. This trade represents a 3.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,550 shares of company stock worth $499,743. 22.80% of the stock is owned by company insiders.

About FRP

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.