Bfsg LLC Cuts Stock Position in Franklin Street Properties Corp. (NYSE:FSP)

Bfsg LLC reduced its stake in shares of Franklin Street Properties Corp. (NYSE:FSP) by 12.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 61,930 shares of the company’s stock after selling 8,500 shares during the quarter. Bfsg LLC owned about 0.06% of Franklin Street Properties worth $113,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its holdings in shares of Franklin Street Properties by 33.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after acquiring an additional 5,433 shares during the last quarter. XTX Topco Ltd purchased a new stake in Franklin Street Properties in the 3rd quarter worth about $39,000. Virtu Financial LLC bought a new stake in Franklin Street Properties in the third quarter worth about $43,000. EMC Capital Management grew its stake in shares of Franklin Street Properties by 120.4% during the fourth quarter. EMC Capital Management now owns 30,425 shares of the company’s stock valued at $56,000 after buying an additional 16,621 shares during the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Franklin Street Properties by 92.1% during the third quarter. SG Americas Securities LLC now owns 32,846 shares of the company’s stock valued at $58,000 after buying an additional 15,750 shares during the last quarter. Hedge funds and other institutional investors own 61.41% of the company’s stock.

Franklin Street Properties Trading Up 2.0 %

FSP stock opened at $2.03 on Thursday. Franklin Street Properties Corp. has a 12 month low of $1.47 and a 12 month high of $2.47. The firm’s 50-day moving average is $1.87 and its 200 day moving average is $1.79. The company has a market capitalization of $210.25 million, a PE ratio of -4.06 and a beta of 0.82. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20.

Franklin Street Properties (NYSE:FSP) last issued its earnings results on Tuesday, February 11th. The company reported ($0.08) EPS for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. During the same quarter in the previous year, the business earned $0.03 EPS. On average, research analysts anticipate that Franklin Street Properties Corp. will post 0.12 EPS for the current year.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 13th. Shareholders of record on Friday, January 24th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Friday, January 24th. Franklin Street Properties’s dividend payout ratio is -8.00%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Franklin Street Properties from a “hold” rating to a “sell” rating in a research report on Monday, October 28th.

Insider Transactions at Franklin Street Properties

In other Franklin Street Properties news, insider Jeffrey B. Carter acquired 18,500 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was bought at an average cost of $2.12 per share, with a total value of $39,220.00. Following the completion of the purchase, the insider now directly owns 18,500 shares in the company, valued at $39,220. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bruce J. Schanzer bought 43,311 shares of the business’s stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $1.89 per share, for a total transaction of $81,857.79. Following the transaction, the director now directly owns 3,489,374 shares in the company, valued at approximately $6,594,916.86. This trade represents a 1.26 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 172,400 shares of company stock valued at $327,879. 6.20% of the stock is currently owned by corporate insiders.

Franklin Street Properties Company Profile

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.