State Street Corp Acquires 1,005 Shares of FRP Holdings, Inc. (NASDAQ:FRPH)

State Street Corp lifted its holdings in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 283,930 shares of the financial services provider’s stock after acquiring an additional 1,005 shares during the quarter. State Street Corp’s holdings in FRP were worth $8,478,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Bank of New York Mellon Corp raised its holdings in FRP by 119.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock worth $1,596,000 after buying an additional 30,484 shares during the period. Rhumbline Advisers boosted its holdings in shares of FRP by 101.3% in the second quarter. Rhumbline Advisers now owns 21,814 shares of the financial services provider’s stock valued at $622,000 after buying an additional 10,976 shares during the period. American Century Companies Inc. bought a new stake in shares of FRP during the second quarter worth $250,000. Guardian Wealth Management Inc. raised its holdings in shares of FRP by 102.0% during the second quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock worth $2,115,000 after acquiring an additional 37,444 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in FRP by 101.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock valued at $31,266,000 after acquiring an additional 553,265 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

Wall Street Analysts Forecast Growth

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

FRP Stock Performance

Shares of FRP stock opened at $29.75 on Friday. The firm has a market cap of $566.14 million, a PE ratio of 74.38 and a beta of 0.50. The business’s 50 day simple moving average is $30.83 and its 200 day simple moving average is $29.78. FRP Holdings, Inc. has a 52-week low of $26.99 and a 52-week high of $33.00.

Insider Activity

In other news, Director Martin E. Stein, Jr. sold 5,000 shares of the firm’s 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 completion of the transaction, the director now owns 144,428 shares in the company, valued at $4,477,268. This trade represents a 3.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John D. Milton, Jr. sold 960 shares of FRP stock in a transaction dated Tuesday, November 12th. The shares were 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 have sold 10,841 shares of company stock worth $339,972 over the last ninety days. Insiders own 22.80% of the company’s stock.

FRP 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.