EMC Capital Management Acquires 16,621 Shares of Franklin Street Properties Corp. (NYSE:FSP)

EMC Capital Management raised its stake in shares of Franklin Street Properties Corp. (NYSE:FSP) by 120.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,425 shares of the company’s stock after purchasing an additional 16,621 shares during the quarter. EMC Capital Management’s holdings in Franklin Street Properties were worth $56,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently made changes to their positions in FSP. BNP Paribas Financial Markets increased its stake in Franklin Street Properties by 33.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 21,718 shares of the company’s stock worth $38,000 after buying an additional 5,433 shares in the last quarter. Bfsg LLC lifted its position in Franklin Street Properties by 11.1% during the third quarter. Bfsg LLC now owns 70,430 shares of the company’s stock valued at $125,000 after purchasing an additional 7,020 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Franklin Street Properties by 25.6% in the 4th quarter. SG Americas Securities LLC now owns 41,253 shares of the company’s stock worth $75,000 after buying an additional 8,407 shares in the last quarter. State Street Corp increased its holdings in shares of Franklin Street Properties by 1.8% in the 3rd quarter. State Street Corp now owns 1,205,604 shares of the company’s stock worth $2,134,000 after buying an additional 20,987 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Franklin Street Properties in the 3rd quarter valued at approximately $39,000. 61.41% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Franklin Street Properties

In other Franklin Street Properties news, insider Jeffrey B. Carter purchased 18,500 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average price of $2.12 per share, for a total transaction of $39,220.00. Following the completion of the transaction, the insider now owns 18,500 shares of the company’s stock, valued at $39,220. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Bruce J. Schanzer purchased 110,589 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was bought at an average cost of $1.87 per share, for a total transaction of $206,801.43. Following the purchase, the director now directly owns 3,405,463 shares in the company, valued at $6,368,215.81. This trade represents a 3.36 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 172,400 shares of company stock worth $327,879. Company insiders own 6.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Franklin Street Properties from a “hold” rating to a “sell” rating in a report on Monday, October 28th.

Franklin Street Properties Trading Down 2.2 %

NYSE FSP opened at $1.81 on Friday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.28 and a current ratio of 2.28. The company has a market capitalization of $187.46 million, a price-to-earnings ratio of -4.64 and a beta of 0.82. The company’s 50-day simple moving average is $1.86 and its two-hundred day simple moving average is $1.77. Franklin Street Properties Corp. has a one year low of $1.47 and a one year high of $2.52.

Franklin Street Properties (NYSE:FSP) last announced its earnings results on Tuesday, October 29th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.10). The firm had revenue of $29.68 million during the quarter. Franklin Street Properties had a negative net margin of 32.11% and a negative return on equity of 5.88%. During the same period last year, the business posted ($0.44) EPS. Equities analysts forecast that Franklin Street Properties Corp. will post 0.14 EPS for the current fiscal year.

Franklin Street Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 13th. Shareholders of record on Friday, January 24th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, January 24th. Franklin Street Properties’s dividend payout ratio is presently -10.26%.

Franklin Street Properties Company Profile

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.