FRP Holdings, Inc. (NASDAQ:FRPH) EVP John D. Milton, Jr. Sells 960 Shares of Stock

FRP Holdings, Inc. (NASDAQ:FRPH) EVP John D. Milton, Jr. sold 960 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $31.25, for a total transaction of $30,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

FRP Trading Up 0.3 %

Shares of FRP stock traded up $0.10 during trading on Friday, reaching $30.79. The company’s stock had a trading volume of 6,234 shares, compared to its average volume of 21,845. The stock has a 50-day moving average price of $29.72 and a two-hundred day moving average price of $29.56. The stock has a market capitalization of $585.93 million, a P/E ratio of 76.73 and a beta of 0.47. FRP Holdings, Inc. has a one year low of $26.99 and a one year high of $32.50.

Institutional Trading of FRP

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Trust Co. of Vermont raised its position in shares of FRP by 100.0% in the 2nd quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 850 shares during the period. SG Americas Securities LLC bought a new position in shares of FRP during the third quarter worth $155,000. BNP Paribas Financial Markets increased its position in shares of FRP by 68.2% in the 1st quarter. BNP Paribas Financial Markets now owns 3,247 shares of the financial services provider’s stock valued at $199,000 after buying an additional 1,317 shares in the last quarter. State Board of Administration of Florida Retirement System acquired a new stake in FRP during the 1st quarter worth $248,000. Finally, American Century Companies Inc. acquired a new position in FRP in the second quarter valued at about $250,000. 45.42% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.