FRP Holdings, Inc. (NASDAQ:FRPH) President Sells $78,750.00 in Stock

by · The Cerbat Gem

FRP Holdings, Inc. (NASDAQ:FRPH – Get Free Report) President David H. Devilliers, Jr. sold 2,500 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $31.50, for a total transaction of $78,750.00. Following the transaction, the president now directly owns 57,268 shares of the company’s stock, valued at $1,803,942. This represents a 4.18 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

FRP Stock Down 2.0 %

FRPH traded down $0.63 on Wednesday, hitting $31.27. The company’s stock had a trading volume of 13,890 shares, compared to its average volume of 21,995. The company’s 50 day simple moving average is $29.90 and its 200-day simple moving average is $29.56. FRP Holdings, Inc. has a 12 month low of $26.99 and a 12 month high of $32.50. The firm has a market cap of $595.07 million, a P/E ratio of 79.75 and a beta of 0.47.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FRPH. Trust Co. of Vermont boosted its holdings in FRP by 100.0% in 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 during the period. SG Americas Securities LLC bought a new position in FRP in the 3rd quarter valued at $155,000. BNP Paribas Financial Markets boosted its holdings in FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 1,317 shares during the period. State Board of Administration of Florida Retirement System bought a new position in FRP in the 1st quarter valued at $248,000. Finally, American Century Companies Inc. bought a new position in FRP in the 2nd quarter valued at $250,000. 45.42% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Get Our Latest Report on FRP

FRP Company Profile

(Get Free Report)

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.

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