David H. Devilliers III Sells 1,725 Shares of FRP Holdings, Inc. (NASDAQ:FRPH) Stock

FRP Holdings, Inc. (NASDAQ:FRPH) COO David H. Devilliers III sold 1,725 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $29.30, for a total transaction of $50,542.50. Following the transaction, the chief operating officer now owns 44,879 shares in the company, valued at approximately $1,314,954.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

FRP Price Performance

Shares of NASDAQ FRPH opened at $29.44 on Friday. The company has a 50-day moving average price of $29.34 and a 200-day moving average price of $29.64. The stock has a market capitalization of $559.95 million, a P/E ratio of 94.97 and a beta of 0.47. FRP Holdings, Inc. has a 1 year low of $26.59 and a 1 year high of $32.50.

FRP (NASDAQ:FRPH) last released its quarterly earnings results on Wednesday, August 7th. The financial services provider reported $0.11 earnings per share (EPS) for the quarter. The business had revenue of $10.48 million during the quarter. FRP had a return on equity of 1.67% and a net margin of 18.12%.

Institutional Investors Weigh In On FRP

Several institutional investors have recently bought and sold shares of the stock. Hyman Charles D lifted its stake in FRP by 100.0% during the 2nd quarter. Hyman Charles D now owns 1,937,268 shares of the financial services provider’s stock valued at $55,251,000 after acquiring an additional 968,822 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of FRP by 101.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,096,293 shares of the financial services provider’s stock valued at $31,266,000 after purchasing an additional 553,265 shares in the last quarter. LB Partners LLC boosted its holdings in FRP by 100.0% during the second quarter. LB Partners LLC now owns 125,802 shares of the financial services provider’s stock worth $3,588,000 after purchasing an additional 62,901 shares during the last quarter. Salem Investment Counselors Inc. grew its position in FRP by 98.9% in the 2nd quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock worth $3,158,000 after purchasing an additional 55,067 shares in the last quarter. Finally, Oppenheimer & Close LLC increased its stake in FRP by 100.0% in the 2nd quarter. Oppenheimer & Close LLC now owns 93,368 shares of the financial services provider’s stock valued at $2,663,000 after buying an additional 46,684 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of FRP from a “hold” rating to a “buy” rating in a research note on Sunday, August 25th.

About FRP

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.