FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. Sells 1,029 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 1,029 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.00, for a total transaction of $33,957.00. Following the completion of the sale, the director now directly owns 138,399 shares of the company’s stock, valued at $4,567,167. The trade was a 0.74 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

FRP Trading Up 0.4 %

FRPH stock traded up $0.14 during mid-day trading on Wednesday, reaching $31.92. 916 shares of the stock traded hands, compared to its average volume of 22,577. FRP Holdings, Inc. has a 52-week low of $26.99 and a 52-week high of $33.00. The company has a market cap of $607.44 million, a P/E ratio of 79.45 and a beta of 0.47. The stock’s fifty day moving average is $30.11 and its 200-day moving average is $29.59.

Analyst Upgrades and Downgrades

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

Institutional Trading of FRP

A number of hedge funds have recently bought and sold shares of FRPH. Trust Co. of Vermont lifted its stake in FRP by 100.0% during the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after buying an additional 850 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of FRP in the 3rd quarter valued at about $155,000. State Board of Administration of Florida Retirement System acquired a new position in shares of FRP in the 1st quarter valued at about $248,000. American Century Companies Inc. acquired a new position in shares of FRP in the 2nd quarter valued at about $250,000. Finally, Sequoia Financial Advisors LLC increased its holdings in shares of FRP by 100.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 4,609 shares during the period. 45.42% of the stock is owned by hedge funds and other institutional investors.

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.