FRP Holdings Inc (NASDAQ:FRPH) EVP Sells $75,585.00 in Stock

FRP Holdings Inc (NASDAQ:FRPH) EVP John D. Milton, Jr. sold 1,500 shares of the business’s stock in a transaction on Friday, September 13th. The stock was sold at an average price of $50.39, for a total transaction of $75,585.00. Following the completion of the sale, the executive vice president now owns 1,500 shares in the company, valued at approximately $75,585. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of FRPH opened at $50.86 on Friday. The company’s fifty day moving average is $49.34 and its 200 day moving average is $49.69. FRP Holdings Inc has a fifty-two week low of $41.51 and a fifty-two week high of $67.07. The stock has a market capitalization of $505.90 million, a PE ratio of 77.17 and a beta of 0.71.

FRP (NASDAQ:FRPH) last announced its quarterly earnings results on Monday, August 5th. The financial services provider reported $0.25 earnings per share for the quarter. FRP had a net margin of 62.43% and a return on equity of 1.87%. The company had revenue of $6.36 million for the quarter.

Hedge funds have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. bought a new position in FRP during the second quarter valued at $27,000. Bank of Montreal Can increased its position in FRP by 59,200.0% during the second quarter. Bank of Montreal Can now owns 593 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 592 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in FRP by 487.0% during the first quarter. BNP Paribas Arbitrage SA now owns 1,309 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 1,086 shares during the last quarter. SG Americas Securities LLC bought a new position in FRP during the first quarter valued at $202,000. Finally, Bank of America Corp DE increased its position in FRP by 41.4% during the fourth quarter. Bank of America Corp DE now owns 6,517 shares of the financial services provider’s stock valued at $300,000 after acquiring an additional 1,907 shares during the last quarter. Institutional investors and hedge funds own 47.40% of the company’s stock.

FRPH has been the topic of several research reports. ValuEngine upgraded shares of FRP from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. BidaskClub upgraded shares of FRP from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th.

FRP Company Profile

FRP Holdings, Inc, through its subsidiaries, engages in various real estate businesses in the United States. The company operates through four segments: Asset Management, Mining Royalty Lands, Development, and Stabilized Joint Venture. The Asset Management segment owns, leases, and manages commercial properties.

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