FRP Holdings, Inc. (NASDAQ:FRPH) Short Interest Down 6.7% in December

FRP Holdings, Inc. (NASDAQ:FRPH) saw a significant decline in short interest in December. As of December 15th, there was short interest totalling 88,200 shares, a decline of 6.7% from the November 30th total of 94,500 shares. Based on an average daily volume of 23,400 shares, the days-to-cover ratio is currently 3.8 days.

FRP Trading Up 1.7 %

NASDAQ:FRPH opened at $30.26 on Tuesday. The stock has a market cap of $575.85 million, a price-to-earnings ratio of 75.65 and a beta of 0.50. The stock has a 50-day moving average price of $30.84 and a two-hundred day moving average price of $29.78. FRP has a 1 year low of $26.99 and a 1 year high of $33.00.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

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 transaction of $33,957.00. Following the transaction, the director now owns 138,399 shares of the company’s stock, valued at approximately $4,567,167. This represents a 0.74 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President David H. Devilliers, Jr. sold 1,281 shares of FRP stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $31.22, for a total value of $39,992.82. Following the completion of the sale, the president now directly owns 60,987 shares of the company’s stock, valued at $1,904,014.14. This trade represents a 2.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,841 shares of company stock valued at $339,972. 22.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On FRP

Several institutional investors have recently added to or reduced their stakes in FRPH. State Street Corp lifted its stake in FRP by 0.4% in the 3rd quarter. State Street Corp now owns 283,930 shares of the financial services provider’s stock valued at $8,478,000 after acquiring an additional 1,005 shares in the last quarter. GSA Capital Partners LLP lifted its position in shares of FRP by 7.1% in the third quarter. GSA Capital Partners LLP now owns 20,065 shares of the financial services provider’s stock worth $599,000 after purchasing an additional 1,329 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in FRP by 1.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 109,415 shares of the financial services provider’s stock worth $3,267,000 after purchasing an additional 1,845 shares during the last quarter. Hsbc Holdings PLC boosted its holdings in FRP by 116.2% during the second quarter. Hsbc Holdings PLC now owns 9,272 shares of the financial services provider’s stock worth $266,000 after purchasing an additional 4,983 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in FRP in the third quarter valued at $155,000. 45.42% of the stock is owned by institutional investors.

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.