Alliancebernstein L.P. purchased a new position in shares of FRP Holdings, Inc. (NASDAQ:FRPH) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 6,000 shares of the financial services provider’s stock, valued at approximately $277,000. Alliancebernstein L.P. owned about 0.06% of FRP Holdings at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wells Fargo & Company MN grew its position in FRP Holdings by 2.5% during the 2nd quarter. Wells Fargo & Company MN now owns 4,720 shares of the financial services provider’s stock worth $218,000 after acquiring an additional 115 shares during the last quarter. Teton Advisors Inc. grew its position in FRP Holdings by 2.4% during the 2nd quarter. Teton Advisors Inc. now owns 25,100 shares of the financial services provider’s stock worth $1,158,000 after acquiring an additional 600 shares during the last quarter. Bank of New York Mellon Corp grew its position in FRP Holdings by 6.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 27,609 shares of the financial services provider’s stock worth $1,274,000 after acquiring an additional 1,730 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in FRP Holdings by 0.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 33,421 shares of the financial services provider’s stock worth $1,543,000 after acquiring an additional 133 shares during the last quarter. Finally, Royce & Associates LP grew its position in FRP Holdings by 4.7% during the 2nd quarter. Royce & Associates LP now owns 756,249 shares of the financial services provider’s stock worth $34,901,000 after acquiring an additional 33,900 shares during the last quarter. Institutional investors and hedge funds own 45.52% of the company’s stock.

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In other FRP Holdings news, VP John D. Milton, Jr. sold 2,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $45.73, for a total value of $91,460.00. Following the transaction, the vice president now directly owns 1,800 shares in the company, valued at approximately $82,314. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John D. Milton, Jr. sold 1,877 shares of the stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $44.00, for a total value of $82,588.00. The disclosure for this sale can be found here. 23.34% of the stock is currently owned by company insiders.

FRP Holdings, Inc. (NASDAQ FRPH) opened at $45.65 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 0.13. FRP Holdings, Inc. has a 12-month low of $34.00 and a 12-month high of $49.35.

Separately, BidaskClub lowered FRP Holdings from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th.

FRP Holdings Company Profile

FRP Holdings, Inc is a holding company engaged in various real estate businesses. The Company conducts its business through its subsidiaries, FRP Maryland, Inc, FRP Development Corp. and Florida Rock Properties, Inc The segments of the Company include leasing and management of warehouse and office building owned by the Company (the Asset Management Segment), leasing and management of mining royalty land owned by the Company (the Mining Royalty Lands Segment) and real property acquisition, entitlement, development and construction primarily for warehouse and office buildings (the Land Development and Construction Segment).

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Institutional Ownership by Quarter for FRP Holdings (NASDAQ:FRPH)

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