FRP (NASDAQ:FRPH) Shares Pass Above 200-Day Moving Average – What’s Next?

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $29.83 and traded as high as $30.02. FRP shares last traded at $29.49, with a volume of 17,342 shares trading hands.

Wall Street Analysts Forecast Growth

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

FRP Price Performance

The stock has a market capitalization of $561.19 million, a price-to-earnings ratio of 73.73 and a beta of 0.50. The firm has a fifty day moving average of $30.92 and a 200 day moving average of $29.83.

Insider Transactions at FRP

In related news, Director Martin E. Stein, Jr. sold 5,000 shares of FRP stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $31.00, for a total value of $155,000.00. Following the sale, the director now directly owns 144,428 shares in the company, valued at approximately $4,477,268. The trade was a 3.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP John D. Milton, Jr. sold 960 shares of FRP stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total value of $30,000.00. The disclosure for this sale can be found here. Insiders sold a total of 10,841 shares of company stock valued at $339,972 in the last three months. 22.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On FRP

Hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in FRP by 33.0% in the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock valued at $1,151,000 after acquiring an additional 9,558 shares during the last quarter. Barclays PLC raised its position in FRP by 217.5% in the third quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock valued at $681,000 after purchasing an additional 15,599 shares during the period. State Street Corp lifted its stake in shares of FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after purchasing an additional 1,005 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of FRP by 1.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 1,845 shares during the period. Finally, GSA Capital Partners LLP increased its position in shares of FRP by 7.1% during the 3rd quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 1,329 shares during the last quarter. Hedge funds and other 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.