John D. Milton, Jr. Sells 1,500 Shares of FRP Holdings, Inc. (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) EVP John D. Milton, Jr. sold 1,500 shares of FRP stock in a transaction on Wednesday, June 12th. The shares were sold at an average price of $30.40, for a total value of $45,600.00. Following the sale, the executive vice president now directly owns 960 shares of the company’s stock, valued at approximately $29,184. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FRP Stock Down 1.3 %

Shares of FRPH opened at $29.22 on Friday. FRP Holdings, Inc. has a 12 month low of $26.59 and a 12 month high of $32.50. The company’s fifty day moving average is $30.19 and its 200-day moving average is $30.16. The firm has a market cap of $555.76 million, a price-to-earnings ratio of 92.76 and a beta of 0.54.

FRP (NASDAQ:FRPH) last posted its earnings results on Wednesday, May 8th. The financial services provider reported $0.07 EPS for the quarter. FRP had a net margin of 14.54% and a return on equity of 1.35%. The firm had revenue of $10.13 million for the quarter.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered FRP from a “buy” rating to a “hold” rating in a report on Thursday, May 30th.

Institutional Investors Weigh In On FRP

A number of large investors have recently added to or reduced their stakes in the stock. Creative Financial Designs Inc. ADV acquired a new stake in shares of FRP in the fourth quarter worth $50,000. BNP Paribas Financial Markets grew its position in shares of FRP by 68.2% in the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,317 shares during the last quarter. Pathstone Family Office LLC bought a new position in shares of FRP in the third quarter worth about $228,000. Everett Harris & Co. CA acquired a new position in shares of FRP during the 4th quarter worth about $235,000. Finally, SG Americas Securities LLC boosted its stake in FRP by 24.6% during the 4th quarter. SG Americas Securities LLC now owns 3,759 shares of the financial services provider’s stock valued at $236,000 after purchasing an additional 743 shares during the period. Institutional investors own 45.42% of the company’s stock.

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.