Short Interest in Five Point Holdings, LLC (NYSE:FPH) Increases By 152.9%

Five Point Holdings, LLC (NYSE:FPH) was the recipient of a significant increase in short interest in December. As of December 31st, there was short interest totalling 220,300 shares, an increase of 152.9% from the December 15th total of 87,100 shares. Based on an average daily trading volume, of 218,600 shares, the days-to-cover ratio is currently 1.0 days. Approximately 0.4% of the company’s stock are sold short.

Insider Buying and Selling at Five Point

In other news, Director Sam Levinson purchased 3,283,024 shares of the business’s stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average cost of $3.15 per share, for a total transaction of $10,341,525.60. Following the completion of the acquisition, the director now directly owns 6,219,241 shares in the company, valued at approximately $19,590,609.15. This trade represents a 111.81 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.36% of the company’s stock.

Institutional Trading of Five Point

Hedge funds and other institutional investors have recently modified their holdings of the stock. Choreo LLC acquired a new stake in Five Point during the second quarter worth approximately $293,000. WINTON GROUP Ltd increased its position in Five Point by 89.3% during the 2nd quarter. WINTON GROUP Ltd now owns 36,452 shares of the company’s stock worth $107,000 after buying an additional 17,196 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Five Point by 13.3% during the second quarter. Dimensional Fund Advisors LP now owns 657,834 shares of the company’s stock worth $1,928,000 after buying an additional 77,369 shares in the last quarter. O Keefe Stevens Advisory Inc. grew its stake in shares of Five Point by 18.4% in the third quarter. O Keefe Stevens Advisory Inc. now owns 2,018,525 shares of the company’s stock valued at $8,377,000 after acquiring an additional 313,110 shares in the last quarter. Finally, Pure Financial Advisors LLC acquired a new stake in shares of Five Point in the third quarter valued at approximately $73,000. Institutional investors own 38.09% of the company’s stock.

Five Point Stock Performance

Shares of Five Point stock opened at $3.74 on Thursday. Five Point has a 52-week low of $2.73 and a 52-week high of $4.39. The business’s 50 day simple moving average is $3.80 and its 200 day simple moving average is $3.56. The firm has a market cap of $554.60 million, a PE ratio of 5.34 and a beta of 1.46.

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

About Five Point

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.