Five Point (NYSE:FPH) Sees Strong Trading Volume – Should You Buy?

Shares of Five Point Holdings, LLC (NYSE:FPH) saw unusually-strong trading volume on Friday . Approximately 261,972 shares were traded during trading, an increase of 53% from the previous session’s volume of 171,354 shares.The stock last traded at $3.60 and had previously closed at $3.72.

Five Point Trading Down 1.1 %

The company has a market capitalization of $545.71 million, a P/E ratio of 5.26 and a beta of 1.46. The stock’s fifty day moving average is $3.82 and its 200 day moving average is $3.54.

Five Point (NYSE:FPH) last issued its quarterly earnings data on Thursday, October 17th. The company reported $0.07 EPS for the quarter. The firm had revenue of $17.01 million during the quarter. Five Point had a net margin of 26.19% and a return on equity of 2.57%.

Insiders Place Their Bets

In related news, Director Sam Levinson purchased 3,283,024 shares of Five Point stock in a transaction that occurred on Tuesday, October 22nd. The shares were bought at an average price of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the transaction, the director now directly owns 6,219,241 shares of the company’s stock, valued at $19,590,609.15. This represents a 111.81 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 4.36% of the company’s stock.

Institutional Trading of Five Point

Several large investors have recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in shares of Five Point in the 3rd quarter worth about $70,000. Pure Financial Advisors LLC bought a new stake in Five Point during the third quarter worth about $73,000. Jane Street Group LLC purchased a new stake in Five Point in the third quarter worth about $76,000. Virtu Financial LLC bought a new position in Five Point during the 3rd quarter valued at approximately $105,000. Finally, WINTON GROUP Ltd increased its holdings in shares of Five Point by 89.3% during the second quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock valued at $107,000 after acquiring an additional 17,196 shares in the last quarter. 38.09% of the stock is owned by institutional investors.

Five Point Company Profile

Five Point Holdings, LLC, through its subsidiary, Five Point Operating Company, LP, owns and develops mixed-use and planned communities in Orange County, Los Angeles County, and San Francisco County. The company operates in four segments: Valencia, San Francisco, Great Park, and Commercial. It sells residential and commercial land sites to homebuilders, commercial developers, and commercial buyers; operates and owns a commercial office, research and development, medical campus, and other properties; and provides development and property management services.