FRP Holdings Inc (NASDAQ:FRPH) Insider Sells $99,380.00 in Stock

FRP Holdings Inc (NASDAQ:FRPH) insider John D. Milton, Jr. sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was sold at an average price of $49.69, for a total transaction of $99,380.00. Following the sale, the insider now directly owns 1,931 shares of the company’s stock, valued at approximately $95,951.39. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of FRPH stock traded down $0.59 during trading hours on Friday, hitting $49.26. 9,900 shares of the company were exchanged, compared to its average volume of 14,128. The stock has a market capitalization of $483.35 million, a price-to-earnings ratio of 73.73 and a beta of 0.72. FRP Holdings Inc has a fifty-two week low of $41.51 and a fifty-two week high of $67.07. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.53 and a current ratio of 1.53. The company’s 50 day simple moving average is $50.96.

FRP (NASDAQ:FRPH) last announced its quarterly earnings data on Monday, May 6th. The financial services provider reported $0.16 EPS for the quarter. The company had revenue of $5.71 million during the quarter. FRP had a net margin of 62.43% and a return on equity of 1.88%.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can grew its position in shares of FRP by 59,200.0% during the 2nd quarter. Bank of Montreal Can now owns 593 shares of the financial services provider’s stock worth $33,000 after buying an additional 592 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of FRP by 487.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,309 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 1,086 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of FRP by 25.0% in the 4th quarter. Legal & General Group Plc now owns 1,333 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 267 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of FRP by 385.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 2,545 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,021 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of FRP in the 1st quarter worth $202,000. 48.31% of the stock is owned by institutional investors.

Several brokerages have recently commented on FRPH. ValuEngine raised shares of FRP from a “sell” rating to a “hold” rating in a research report on Wednesday, July 24th. BidaskClub raised 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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Insider Buying and Selling by Quarter for FRP (NASDAQ:FRPH)

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