Raymond James Financial Inc. Takes Position in FRP Holdings, Inc. (NASDAQ:FRPH)

Raymond James Financial Inc. purchased a new position in shares of FRP Holdings, Inc. (NASDAQ:FRPH) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 58,414 shares of the financial services provider’s stock, valued at approximately $1,789,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of FRPH. Charles Schwab Investment Management Inc. grew its holdings in shares of 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. State Street Corp boosted its position in shares of 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 purchasing an additional 1,005 shares during the period. Barclays PLC grew its stake in FRP by 217.5% during the 3rd quarter. Barclays PLC now owns 22,771 shares of the financial services provider’s stock worth $681,000 after buying an additional 15,599 shares during the last quarter. JPMorgan Chase & Co. increased its position in FRP by 33.0% during the third quarter. JPMorgan Chase & Co. now owns 38,540 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 9,558 shares during the period. Finally, R Squared Ltd acquired a new position in FRP during the fourth quarter worth approximately $65,000. 45.42% of the stock is owned by hedge funds and other institutional investors.

FRP Trading Down 0.3 %

FRPH stock opened at $28.57 on Tuesday. The company has a market capitalization of $545.32 million, a P/E ratio of 71.43 and a beta of 0.49. The business has a 50 day simple moving average of $30.09 and a 200-day simple moving average of $30.26. FRP Holdings, Inc. has a twelve month low of $26.99 and a twelve month high of $33.00.

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

About FRP

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.