FRP Holdings, Inc. (NASDAQ:FRPH) President Sells $39,992.82 in Stock

FRP Holdings, Inc. (NASDAQ:FRPH) President David H. Devilliers, Jr. sold 1,281 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total transaction of $39,992.82. Following the transaction, the president now directly owns 60,987 shares of the company’s stock, valued at approximately $1,904,014.14. This trade represents a 2.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

FRP Price Performance

Shares of FRP stock traded up $0.16 during midday trading on Friday, hitting $30.85. The company had a trading volume of 5,454 shares, compared to its average volume of 21,842. The business’s 50 day simple moving average is $29.72 and its two-hundred day simple moving average is $29.56. 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 $587.08 million, a PE ratio of 76.73 and a beta of 0.47.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Trust Co. of Vermont lifted its holdings in shares of FRP by 100.0% during the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 850 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of FRP in the 3rd quarter valued at approximately $155,000. BNP Paribas Financial Markets grew its holdings in FRP by 68.2% during the first quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock worth $199,000 after purchasing an additional 1,317 shares during the period. State Board of Administration of Florida Retirement System acquired a new position in shares of FRP in the first quarter valued at $248,000. Finally, American Century Companies Inc. acquired a new stake in FRP during the second quarter worth approximately $250,000. Institutional investors and hedge funds own 45.42% of the company’s stock.

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.