FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. Sells 1,029 Shares

FRP Holdings, Inc. (NASDAQ:FRPH) Director Martin E. Stein, Jr. sold 1,029 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $33.00, for a total value of $33,957.00. Following the sale, the director now directly owns 138,399 shares in the company, valued at approximately $4,567,167. The trade was a 0.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

FRP Price Performance

Shares of FRPH stock opened at $32.03 on Thursday. FRP Holdings, Inc. has a 1-year low of $26.99 and a 1-year high of $33.00. The stock’s 50-day moving average is $30.16 and its 200 day moving average is $29.60. The company has a market cap of $609.53 million, a P/E ratio of 80.08 and a beta of 0.47.

Institutional Investors Weigh In On FRP

Institutional investors have recently added to or reduced their stakes in the stock. State Board of Administration of Florida Retirement System purchased a new stake in FRP in the first quarter valued at about $248,000. Vanguard Group Inc. raised its stake in FRP by 2.1% in the first quarter. Vanguard Group Inc. now owns 325,563 shares of the financial services provider’s stock valued at $19,990,000 after buying an additional 6,741 shares during the last quarter. Trust Co. of Vermont raised its stake in FRP by 100.0% in the second quarter. Trust Co. of Vermont now owns 1,700 shares of the financial services provider’s stock valued at $48,000 after buying an additional 850 shares during the last quarter. Salem Investment Counselors Inc. raised its stake in FRP by 98.9% in the second quarter. Salem Investment Counselors Inc. now owns 110,734 shares of the financial services provider’s stock valued at $3,158,000 after buying an additional 55,067 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its stake in FRP by 100.0% in the second quarter. Sequoia Financial Advisors LLC now owns 9,218 shares of the financial services provider’s stock valued at $263,000 after buying an additional 4,609 shares during the last quarter. Institutional investors own 45.42% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com downgraded FRP from a “buy” rating to a “hold” rating in a research 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.