Royce & Associates LP Trims Stock Holdings in FRP Holdings, Inc. (NASDAQ:FRPH)

Royce & Associates LP reduced its holdings in shares of FRP Holdings, Inc. (NASDAQ:FRPH) by 1.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 359,437 shares of the financial services provider’s stock after selling 5,700 shares during the period. Royce & Associates LP owned about 1.89% of FRP worth $10,733,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the business. Bank of New York Mellon Corp boosted its stake in shares of FRP by 119.7% during the second quarter. Bank of New York Mellon Corp now owns 55,945 shares of the financial services provider’s stock valued at $1,596,000 after purchasing an additional 30,484 shares during the period. Hyman Charles D lifted its holdings 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 buying an additional 968,822 shares in the last quarter. Guardian Wealth Management Inc. boosted its position in FRP by 102.0% in the 2nd quarter. Guardian Wealth Management Inc. now owns 74,145 shares of the financial services provider’s stock valued at $2,115,000 after buying an additional 37,444 shares during the period. Renaissance Technologies LLC boosted its position in FRP by 138.9% in the 2nd quarter. Renaissance Technologies LLC now owns 44,200 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 25,700 shares during the period. Finally, Salem Investment Counselors Inc. grew its stake 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 acquiring an additional 55,067 shares in the last quarter. Institutional investors own 45.42% of the company’s stock.

Insider Buying and Selling

In other news, Director Martin E. Stein, Jr. sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $31.00, for a total transaction of $155,000.00. Following the transaction, the director now directly owns 144,428 shares in the company, valued at approximately $4,477,268. This trade represents a 3.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, President David H. Devilliers, Jr. sold 4,134 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $30.00, for a total transaction of $124,020.00. Following the completion of the transaction, the president now directly owns 62,755 shares of the company’s stock, valued at $1,882,650. This trade represents a 6.18 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,830 shares of company stock valued at $567,072 over the last three months. 22.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

FRP Trading Up 1.6 %

Shares of FRPH stock opened at $31.17 on Friday. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $32.50. The stock has a fifty day simple moving average of $29.78 and a two-hundred day simple moving average of $29.56. The stock has a market capitalization of $593.17 million, a price-to-earnings ratio of 77.93 and a beta of 0.47.

FRP Company Profile

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.