FRP (NASDAQ:FRPH) Sees Large Volume Increase – Here’s What Happened

Shares of FRP Holdings, Inc. (NASDAQ:FRPH) saw an uptick in trading volume on Friday . 21,145 shares traded hands during mid-day trading, a decline of 13% from the previous session’s volume of 24,340 shares.The stock last traded at $27.79 and had previously closed at $28.47.

FRP Stock Performance

The firm has a market cap of $537.41 million, a P/E ratio of 70.60 and a beta of 0.49. The company has a 50-day moving average of $30.26 and a 200 day moving average of $30.26.

FRP (NASDAQ:FRPH) last posted its earnings results on Wednesday, March 5th. The financial services provider reported $0.09 EPS for the quarter. The business had revenue of $10.53 million during the quarter. FRP had a return on equity of 1.67% and a net margin of 18.35%.

Institutional Investors Weigh In On FRP

Hedge funds and other institutional investors have recently bought and sold shares of the business. R Squared Ltd acquired a new stake in FRP during the 4th quarter valued at $65,000. KLP Kapitalforvaltning AS bought a new position in shares of FRP in the 4th quarter worth $104,000. Deutsche Bank AG lifted its holdings in FRP by 22.4% during the fourth quarter. Deutsche Bank AG now owns 7,699 shares of the financial services provider’s stock worth $236,000 after acquiring an additional 1,409 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in FRP by 25.4% during the fourth quarter. Wells Fargo & Company MN now owns 8,423 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 1,704 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its holdings in FRP by 18.8% during the fourth quarter. Two Sigma Advisers LP now owns 12,000 shares of the financial services provider’s stock worth $368,000 after acquiring an additional 1,900 shares in the last quarter. 45.42% of the stock is owned by institutional investors and hedge funds.

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.