FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Update

FRP Holdings, Inc. (NASDAQ:FRPH) was the recipient of a large decrease in short interest in January. As of January 31st, there was short interest totalling 84,400 shares, a decrease of 5.7% from the January 15th total of 89,500 shares. Based on an average daily trading volume, of 28,700 shares, the days-to-cover ratio is currently 2.9 days.

Insider Buying and Selling at FRP

In other FRP news, Director Martin E. Stein, Jr. sold 1,029 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $33.00, for a total value of $33,957.00. Following the transaction, the director now directly owns 138,399 shares of the company’s stock, valued at $4,567,167. This represents a 0.74 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 22.80% of the company’s stock.

Institutional Trading of FRP

Large investors have recently modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of FRP during the 4th quarter worth $65,000. KLP Kapitalforvaltning AS acquired a new stake in shares of FRP during the 4th quarter worth $104,000. SG Americas Securities LLC acquired a new stake in shares of FRP during the 3rd quarter worth $155,000. Deutsche Bank AG boosted its stake in FRP by 22.4% in the fourth quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock valued at $236,000 after buying an additional 1,409 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its stake in FRP by 25.4% in the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock valued at $258,000 after buying an additional 1,704 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

FRP Stock Performance

FRPH opened at $31.46 on Wednesday. The firm has a market cap of $598.68 million, a P/E ratio of 78.65 and a beta of 0.50. FRP has a 52-week low of $26.99 and a 52-week high of $33.00. The business’s fifty day moving average is $30.51 and its 200-day moving average is $30.18.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered FRP from a “buy” rating to a “hold” rating in a report on Thursday, November 7th.

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.