Virtu Financial LLC Takes Position in Franklin Street Properties Corp. (NYSE:FSP)

Virtu Financial LLC bought a new position in Franklin Street Properties Corp. (NYSE:FSP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 24,405 shares of the company’s stock, valued at approximately $43,000.

Other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Franklin Street Properties by 1,005.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 299,743 shares of the company’s stock valued at $459,000 after purchasing an additional 272,622 shares during the last quarter. Bfsg LLC boosted its holdings in Franklin Street Properties by 16.2% in the second quarter. Bfsg LLC now owns 63,410 shares of the company’s stock valued at $97,000 after acquiring an additional 8,860 shares during the last quarter. Rhumbline Advisers grew its position in Franklin Street Properties by 3,118.3% during the second quarter. Rhumbline Advisers now owns 102,984 shares of the company’s stock valued at $158,000 after acquiring an additional 99,784 shares during the period. Acuitas Investments LLC increased its stake in Franklin Street Properties by 39.5% during the second quarter. Acuitas Investments LLC now owns 2,075,596 shares of the company’s stock worth $3,176,000 after acquiring an additional 587,401 shares during the last quarter. Finally, Acadian Asset Management LLC raised its holdings in shares of Franklin Street Properties by 9.7% in the 2nd quarter. Acadian Asset Management LLC now owns 2,440,734 shares of the company’s stock worth $3,732,000 after purchasing an additional 215,358 shares during the period. 61.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Franklin Street Properties Stock Performance

Shares of FSP stock opened at $1.91 on Friday. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.41. The company has a market cap of $197.81 million, a PE ratio of -4.90 and a beta of 0.82. The company’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $1.73. Franklin Street Properties Corp. has a 52 week low of $1.47 and a 52 week high of $2.72.

Franklin Street Properties (NYSE:FSP) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.10). Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. The company had revenue of $29.68 million during the quarter. During the same quarter in the previous year, the business earned ($0.44) earnings per share. As a group, equities research analysts anticipate that Franklin Street Properties Corp. will post 0.14 EPS for the current year.

Franklin Street Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 7th. Stockholders of record on Friday, October 18th were given a dividend of $0.01 per share. The ex-dividend date was Friday, October 18th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 2.09%. Franklin Street Properties’s payout ratio is currently -10.26%.

Insider Activity

In other Franklin Street Properties news, insider Jeffrey B. Carter acquired 18,500 shares of the stock in a transaction on Monday, December 16th. The stock was purchased at an average price of $2.12 per share, for a total transaction of $39,220.00. Following the purchase, the insider now directly owns 18,500 shares in the company, valued at $39,220. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Bruce J. Schanzer bought 110,589 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was acquired at an average cost of $1.87 per share, for a total transaction of $206,801.43. Following the completion of the transaction, the director now owns 3,405,463 shares in the company, valued at $6,368,215.81. This represents a 3.36 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders bought 172,400 shares of company stock worth $327,879. 6.20% of the stock is currently owned by company insiders.

About Franklin Street Properties

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.